2026-09-11 15:02 UTC
Thus, competition enforcement was transformed: no longer was it an inquiry into the power that a company wielded or might amass through a merger. Rather, every competition question was a matter of solving an equation that would tell you whether the result would be "efficient":
https://pluralistic.net/2021/06/03/jitters/#brittleness
6/
Replies (1)
-
@pluralistic@mamot.fr 2026-09-11 15:02
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/