2026-09-11 15:02 UTC
This framing was tactically *brilliant*. Once an economist pronounces a merger to be "efficient," everyone who opposes that merger can be dismissed as campaigning for an inefficient world. Who wants to live in an inefficient world?
7/
Replies (1)
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@pluralistic@mamot.fr 2026-09-11 15:02
But "efficiency" isn't a freestanding concept. A Martian observing the Earth through a powerful telescope could not tell you when a long line at the grocery store was "efficient" (because the wages saved by understaffing exceeded the lost business from customers who noped out and abandoned their shopping cart) and when it was "inefficient" (because the mom whose wait made her miss administering her kid's insulin ended up spending thousands on an emergency room visit). 8/