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Reblogged by slightlyoff@toot.cafe ("Alex Russell"):
pluralistic@mamot.fr ("Cory Doctorow's linkblog") wrote:
Smith understood that capitalists hate capitalism. They don't want to compete with one another, because that would interfere with their ability to raise the prices their customers pay and reduce the wages they pay their workers. Thus #PeterThiel's anticapitalist rallying cry, "competition is for losers," or #WarrenBuffett's extreme horniness for businesses with "wide, sustainable moats."
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