They’re efficient at a couple things. None of the things are good things unfortunately.
Cooper8@feddit.online 6 days ago
Thanks Chicago School of Economics you neoliberal bastards, “monopolies are efficient” my ass.
Phunter@lemmy.zip 6 days ago
ryathal@sh.itjust.works 6 days ago
Chicago School generally isn’t in favor of monopolies, and they opposed the to big to fail concept that is a big reason we are in this mess.
PeriodicallyPedantic@lemmy.ca 5 days ago
I am opposed to the inevitable outcome of my policies!
ryathal@sh.itjust.works 5 days ago
Nonsense, if companies took the loss from 2008 many banks and PE wouldn’t exist right now. A key part of capitalism is companies failing from bad investments, entropy, or other factors. You need the bust to create the boom.
PeriodicallyPedantic@lemmy.ca 5 days ago
The Chicago school opposes monopolies and bailouts, but they support the conditions that inevitably lead to monopolies and too-big-to-fail companies.
HasturInYellow@lemmy.world 6 days ago
Maybe we are focusing on the wrong places. Maybe we should be burning down schools of economics. Burn down every building that teaches it. Maybe that would help.