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As usual, lots of monopoly and finance-related news this week. Fox bought Roku, the FTC ended its enforcement of the Robinson-Patman Act against price discrimination, and the AI bubble got some bad news…
But I want to start by writing about Juneteenth, the holiday on Friday that commemorates the Emancipation Proclamation of 1863, the executive order that legall...
In early 2020, I started to panic over Covid, and our fragile supply chain situation. In February of that year, before it was consensus that Covid was even a threat to the U.S. I said I expected shortages of basic goods. I was, as far as I kn...
“A more moral AI is not enough if that morality is determined by a few.” - Pope Leo XIV
I always start off my round-up by saying that a lot of monopoly related news happened over the past week. And it’s true, courts hear cases, mergers occur, financial markets rise and fall, and militaries reorder economic flows. Today, it’s an ostensible deal between the U.S. ...
One of the consistent themes of this newsletter is how the stock market is increasingly disconnected from underlying economic activity. In the Number Go Up Rule, I traced how we increasingly run everything to ensure that market capitalization continue...
Lots of news happened on the monopoly front. Bernie Sanders suggested nationalizing big AI firms, states look like they are preparing to try and block the Paramount-Warner merger, and the stock market fell sharply on Friday.
But this week, I want to start with a discussion about a deeply bitter political battle over the Senate candidacy of Maine Democrat Graham Platner,...