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>"Why don't we just give the consumer what it wants? " actually works in practice, not just in theory. Look at the succes of Spotify & Netflix for example. Fyi
by jasode 10y ago
>"Why don't we just give the consumer what it wants? " actually works in practice, not just in theory. Look at the succes of Spotify & Netflix for example.
Fyi, Spotify is not a success (yet). Spotify would actually be an example of it working in theory but not in practice because the music streaming service has been losing money since its inception.
- coretx 10y agoThat's only the case due to the fact that Spotify is not a so called "Rights Owner", not to be confused with a actual artist. These "Rights owners" do not only hold a monopoly, but also decide if and to whom they license at a totally arbitrary pricepoint. No competition, No marginal price. No free market equilibrium. The market failure here lies in the overextension and application of copright law, not in Spotify.