By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/07/2026While this theory has a certain superficial plausibility, it can really only be embraced by people who have suffered the highly specific neurological injury you get by taking an economics degree: an injury that makes you incapable of perceiving or reasoning about power. 30/ 16914
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/07/2026To fully embrace "revealed preferences" is to observe someone who has just sold their kidney to make rent and exclaim, "Look at this person with a revealed preference for only having one kidney": pluralistic.net/2026/03/30/p... 31/pluralistic.netPluralistic: Market participation is exhausting (30 Mar 2026) – Pluralistic: Daily links from Cory Doctorow 27213
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/07/2026Then there's the right's conception of regulatory capture. When you think of "regulatory capture," you might picture a company or sector that has grown so powerful that it can boss the government around, so that it can abuse you with impunity. 32/ 1303
David Rosnick @rosnick.bsky.social · 17/07/2026Okay pushing back a bit this reads like IF one can perceive of the power imbalance THEN one has not fully embraced “revealed preferences” So okay I guess? But I think that says more about your thinking around “fully embraced” IMO revealed preferences can be useful for IDENTIFYING power 100