194 – Cultural Capture by Chokepoint Capitalism (ft. Rebecca Giblin, Cory Doctorow)
This Machine Kills
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Monopsie Is More Hard to Control Than Monopoly
Monopoly is inherently more difficult to control and it becomes a problem at much lower concentrations than monopoly. When you've got an issue with buyer power, which is what Monopsie is, the people who are most affected are the workers and the suppliers. So in the case of creative labor markets, that's the creators. And like you said, Jathan, what happens in these cases is that people's passion is weaponized to facilitate their exploitation. The way that we enforce antitrust changed a lot 40 years ago under Reagan.
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