By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 06/05/2026One of my bedrock beliefs is that capitalists *really* hate capitalism. They name their beloved institutes after the likes of Adam Smith, but they ignore everything Smith had to say about the necessity of competition to keep markets from turning into monopolies: pluralistic.net/2023/06/09/c... 1/ 14351136
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 06/05/2026If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog: pluralistic.net/2026/05/06/c... 2/pluralistic.netPluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period. 1445
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 06/05/2026The theory of markets holds that they're distributed computers, aggregating trillions of decisions from billions of participants to optimize production/distribution of goods and services, creating a "Pareto-optimal" world where no one can be made better off without making someone else worse off. 3/ 2493