When people talk about "artificially inflated" prices they're embracing neoliberalism, by definition The idea of a "true" or "efficient" price for something is classical liberal economics, what Marx called "commodity fetishism"
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If you want to know why the Old Left died out this is one big reason why Even the angry young radicals have a kneejerk tendency to think as consumers and not producers, buyers and not sellers Low prices are always good, even when they naturally come with low wages
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Compare the famous quote from the 50s from the President of the UAW denying that "consumers" were a meaningful interest group at all ("Who is a consumer? Show me a consumer")
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Anyway, this is the extreme irony of someone like Matt Stoller, whose overwhelming obsession is with "monopolies" and "competition" (as neoliberal a concern as it gets) presenting himself as a "leftist"
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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By whom is efficiency defined for purposes of this analysis? I candidly don't know enough about the underlying definitions to know whether I disagree with your statement, but to the extent owners offload costs on govt by paying wages too low for workers to buy necessities,
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... can unions be described as rent seeking when they try to impose those externalized costs back onto owners?
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Honestly what is your point here
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There's a certain amount of discourse about copyright being "rent-seeking" right now
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