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by FooBarBizBazz 1111 days ago
In game theory, correlated equilibrium is possible without explicit communication, simply by having access to some signal that (everyone knows is) common knowledge. COVID and interest-rate opportunism by corporations could maybe fall into this bucket without explicit collusion.

Granted, the reality is probably less subtle than all that. When Mark Zuckerberg announces that he's doing stealth layoffs by "raising the bar on performance management", and this is reported in the news, the herd animals in C-suites see and follow. Subtle mechanisms of coordination don't need to be invoked; it's just straightforward mimetic fashion.

Returning to game theory, correlated equilibria can be good -- a way out of Prisoner's Dilemmas -- but in this case I'm afraid it's mostly just the actions of "capital" that are correlated. The Left's communication channels are jammed with pomo chaff, and its members' actions are more independent and uncoordinated.