Discover and read the best of Twitter Threads about #monopolies

@doctorow

When students of statistics are introduced to creating and interpreting models, they are introduced to George Box's maxim:

*All models are wrong, some are useful.*

It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/

If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2023/04/03/all… 2/

Even with this benediction, modeling is forever prone to the cardinal sin of insisting that complex reality can be reduced to "a perfectly spherical cow of uniform density on a frictionless plane." 3/

Read 67 tweets

Cory Doctorow (@pluralistic@mamot.fr)

@doctorow

For many #ConstitutionalLaw scholars, last years' #Dobbs decision on #AbortionRights at the #SupremeCourt came as a dismaying shock, because it showed conclusively that #conlaw wasn't a realm of ideologically consistent intellectual foment, but rather, a matter of *politics*. 1/

Writing for @CreditSlips, the #FinanceLaw scholar #AdamLevitin admits to feeling a bit of schadenfreude in that moment. The "blue collar" law scholars in "grubby" banking and money fields have always treated the conlaw set as "slightly clueless toffs":

creditslips.org/creditslips/20… 3/

Read 53 tweets

Cory Doctorow (@pluralistic@mamot.fr)

@doctorow

#Jetblue is trying to buy #SpiritAirlines. It's a terrible idea. Consolidation in the US aviation industry has resulted in higher fares, less reliable planes, spiraling junk-fees, and brutal conditions for flight- and ground-crews. 1/

The four remaining US major airlines, who gobbled their rivals, are three times more profitable than their European counterparts:

economist.com/leaders/2017/0…

That's great news if you're an airline shareholder. 3/

Read 27 tweets

Cory Doctorow (@pluralistic@mamot.fr)

@doctorow

#Dow plastered #Singapore with ads for a sneaker #recycling program, promising to turn shoes into playground tracks. But the shoes it collected in "recycling" bins got dumped illegally in #Indonesia. This isn't strange: it's how nearly *all* plastic recycling *always* worked. 1/

Plastic recycling's origin story starts in 1973, when #Exxon's scientists concluded that plastic recycling would never, ever be cost-effective (#ExxonKnew about this, too). 3/

Read 59 tweets

Cory Doctorow (@pluralistic@mamot.fr)

@doctorow

When a #FreightTrain carrying toxic chemicals derailed near #EastPalestine, #Ohio, bursting into flame and sending up clouds of poisonous vinyl chloride smoke and gas, our immediate concerns were for the people in harm's way and the train's crew:

nytimes.com/2023/02/04/us/… 1/

Those immediate concerns were soon joined by broader worries: that the entire rail industry presented a systematic danger, and the Ohio #derailment was a symptom of a much deeper pathology that endangered anyone who lives near one of the rail corridors that crisscross the US. 3/

Read 31 tweets

Cory Doctorow (@pluralistic@mamot.fr)

@doctorow

The media spectacle of #GenerativeAI (in which AI companies' breathless claims of their software's sorcerous powers are endlessly repeated) has understandably alarmed many #CreativeWorkers, a group that's already traumatized by extractive abuse by media and tech companies. 1/

Even though the claims about "#AI" are overblown and overhyped, creators are right to be alarmed. Their bosses would like nothing more than to fire them and replace them with pliable software. 3/

Read 47 tweets

Cory Doctorow (@pluralistic@mamot.fr)

@doctorow

Today's Twitter threads (a Twitter thread).

Inside: Higher interest rates increase both the monetary supply and inflation; and more!

Archived at: pluralistic.net/2023/02/04/if-…

#Pluralistic 1/

Next week (Feb 8-17), I'll be in #Australia, touring my book #ChokepointCapitalism* with my co-author, @rgibli. We'll be in #Brisbane on Feb 8, and then we're doing a remote event for #NZ on Feb 9. Next is #Melbourne, #Sydney and #Canberra.

chokepointcapitalism.com 2/

Higher interest rates increase both the monetary supply and inflation: It takes a lot of motivated reasoning to believe otherwise.

https://twitter.com/doctorow/status/1621956679582552065

Read 20 tweets

Cory Doctorow (@pluralistic@mamot.fr)

@doctorow

Today's Twitter threads (a Twitter thread).

Inside: Netflix wants to chop down your family tree; and more!

Archived at: pluralistic.net/2023/02/02/non…

#Pluralistic 1/

From Feb 8-17, I'll be in #Australia, touring my book #ChokepointCapitalism with my co-author, Rebecca Giblin. We'll be in #Brisbane, #Melbourne, #Sydney and #Canberra, and I hope to see you!

pluralistic.net/2023/01/30/i-c… 2/

Netflix wants to chop down your family tree: The enshittification cycle comes for your most private domain.

https://twitter.com/doctorow/status/1621139202183143424

Read 20 tweets

Cory Doctorow @pluralistic@mamot.fr

@doctorow

Here's the #inflation story you're expected to believe (advance warning: this story is entirely false): America gave the poors too much money during the lockdown and now the #economy is awash in #FreeMoney, which made those poors so rich that now they're refusing to work. 1/

That means the economy isn't making anything anymore. With all that extra money and all those missing workers, prices are skyrocketing.

To hear ghouls like @LHSummers tell it, there is only one answer to this. 3/

Read 73 tweets

Phil Booth

@EinsteinsAttic

Finally, the #GoldacreReview is published! (During Parliamentary Easter holidays, mid-ping-pong on the #HealthAndCareBill...)

It's 221 pages - each PDF page is a double page spread - so this could be a lo-o-o-ong [Thread].

Here goes...

https://twitter.com/bengoldacre/status/1512011686659575812

First point to note, in the Terms of Reference (p5), is that this is about "access to #NHSdata by #researchers, #commissioners, and #innovators" - i.e. #Planning and #CommercialReUse - so it is directly relevant to the operation of millions of people's #NationalDataOptOuts...

"185 wide-ranging recommendations for us to explore", says @sajidjavid (p6). Gulp! Time for some coffee...

"systems that ensure #underrepresented groups are well represented" may (partly) refer to this "landmark review", which got off to a slow start:

gov.uk/government/new…

Read 159 tweets

GAVNet

@GAValueNetwork

Daily Bookmarks to GAVNet 12/03/2021 greeneracresvaluenetwork.wordpress.com/2021/12/03/dai…

Monarch butterflies may be thriving after years of decline. Is it a comeback?

theguardian.com/us-news/2021/n…

#MonarchButterflies #PopulationIncrease #DataAnalysis

Ignorant and Afraid - by eugyppius - eugyppius: a plague chronicle

eugyppius.substack.com/p/ignorant-and…

#politicians #bureaucrats #propaganda #information #ignorance #fear

Read 11 tweets

ColorOfChange

@ColorOfChange

Today, COC is launching our #BreakUpBigTech campaign. With all of the recent @Facebook news, it’s urgent #Congress pass #antitrust reform.

An outage at 1 company shouldn't knock out 3 of the largest social platforms. #BigTech monopolies put economic justice at risk. A thread 🧵

Without #antitrust regulation, #tech giants like @Google, @Facebook, @Amazon, & @Apple allow the civil rights of Black people to be violated. Corporations use surveillance networks that span across the #Internet to collect information about you that's sold to advertisers.

Advertisers run targeted ads & online marketplaces. This #data is used to discriminate against Black users, denying us opportunities for employment or home loans.

#BigTech shouldn’t have so much power that they can choose to ignore hate speech & misinfo continue to make profits.

Read 5 tweets

krish™

@krishstocks

STRONG #MONOPOLIES

#IRCTC > 100% Market share in Rail Network.

#IEX >90% market share in power trading.

#Zyduswellness >90% market share in sugar free product.

#Eichermotors >85% market share in 250cc bikes category.

#MCX >85% market share in commodity trading.

1/n

#Coalindia >80% market share in coal production in India.

#ITC >75% market share in cigarettes.

#HondaSiel >75% in portable power generators.

#HindustanZinc >75% market share in primary zinc industry.

#AsahiIndiaGlass >70% market share in automotive glass.

2/n

#NRBBearings >70% market share in needle roller bearings.

#Pidilite >65% market share in adhesives.

#CAMS >65% market share in RTA within mutual fund industry.

#TimeTechnoplast >65% market share in polymer based industrial packaging.

3/n

Read 10 tweets

GAVNet

@GAValueNetwork

Daily Bookmarks to GAVNet 05/22/2021 greeneracresvaluenetwork.wordpress.com/2021/05/22/dai…

A Scratched Hint of Ancient Ties Stirs National Furies in Europe

nytimes.com/2021/05/16/wor…

#archaeology #europe #runes #slavic #nativism #nationalism #debate

Zoltan On The Coming QE Endgame: "Banks Have No More Space For Reserves"

zerohedge.com/markets/zoltan…

#banking #reserves #TheFed #FinancialSystem

Read 10 tweets

@AdamSmithWorks

@adamsmithworks

It's been a whole day since we tweeted Part 2 of this chapter, so let us remind you: #AdamSmith just said that the colonies got nothing that helped them succeed from the mother country. (IV.vii.c) #WealthOfTweets #SmithTweets

So these two opening sentences are pretty heckin’ sarcastic:
Now we've seen the great advantages the colonies got (they got nothing!) (IV.vii.c.1)
So what have been the great advantages to Europe! (IV.vii.c.2)

Seems like there’s a...tone there. #WealthOfTweets #SmithTweets

Europeans buy goods from America, and Americans buy European goods as well. Even countries that don’t trade directly with America have benefited. (IV.vii.c.3–8) #WealthOfTweets #SmithTweets

Read 28 tweets

Lauren Langworthy

@thelorewren

#Farmers are standing up for some basic needs, the #FarmersBillOfRights. We need these in order to survive as producers & caretakers of our shared land, water, soil, & communities. Join our fight!
Thanks to the original co-sponsors: @RepDebHaaland, @chelliepingree & @CoryBooker

@RepDebHaaland @chelliepingree @CoryBooker Learn more about the #FarmersBillOfRights by reading this quick synopsis: bit.ly/3bjDITB

@RepDebHaaland @chelliepingree @CoryBooker 1) RIGHT TO FAIR, OPEN MARKETS: We need #competitive marketplaces to buy seeds, supplies & goods, & sell the fruits of our labor. It's become nearly impossible for independent rural businesses to compete with multinational #monopolies. Farmers need strong #antitrust. #bustupbigag

Read 13 tweets

Yorick de Mombynes

@ydemombynes

My 140 favorite quotes from The Ethics of Money Production (2008), by Jörg Guido Hülsmann

1. “#Money is omnipresent in modern life, yet the production of money does not seem to warrant any moral assessment”. J.G.Hülsmann

2. “To be sure, central bank representatives are lecturing the public on the importance of business #ethics; but their concerns do not seem to apply to themselves”. J.G.Hülsmann

Read 142 tweets

Nicholas de Wolff

@usdew

Residential ISPs have been operating under a massively flawed business model for years now, and seem to have no interest in change said model. @ATT @GetSpectrum and others believe that customer churn is an acceptable cost of doing business.

So long as they can successfully seduce an equal or greater volume of new customers each month, to offset loss of customers due to their shady price hikes, these near #monopolies are happy.

Any intelligent market analyst will note, though, that inevitably accelerating changes in technology always disrupt long-established yet unchanging business models. These large behemoths are lumbering along as if their revenue streams are secure.

Read 9 tweets

Karol 🌿

@karolcummins

💣Tick Tock💣

The Dir of National Intelligence says Russia poses a threat to Midterm Elections. But Trump doesnt seem to care.😱 Putin is ecstatic!

Cohen chatted with a lot of foreign ‘agents’ re Trump Moscow & some had knowledge of or actively interfered w/ the 2016 Elex.

💣Tick Tock2💣

Per emails Banks & Wigmore (Vote.Leave) chatted often w/ the RU Amb. in London while they campaigned for & met w/, Trump in 2016.

McGahn recused his entire staff last summer from working on the RU investigation

Sarah Sanders, Raj Shah planning to depart the WH

💣Tick Tock3💣

Unredacted gov’t exhibit re attempts by Manafort & Kilimnik to influence witness stories released.

New Cohen filing in the Matter of Search Warrants Executed: Order released.

Cohen likely to cooperate as his attorneys leave case....he is shopping for new attys.

Read 70 tweets

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