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You cannot choose options in a monopoly or when a major player uses dumping prices and worker churn to force out competition. The natural end state of capitali
by AstralStorm 9y ago
You cannot choose options in a monopoly or when a major player uses dumping prices and worker churn to force out competition.
The natural end state of capitalism is an efficient and aggressive monopoly or cartel. (Including a cartel with the government.)
How is lack of proper options freedom?
- peacetreefrog 9y agoSimultaneously complaining about monopoly, which allows firms to keep prices artificially high, and "price dumping" makes little sense. I have issues with both. It's obviously not a monopoly. Apart from Uber AND Lyft, you have regular taxi's, public transit, personal cars, bicycles and the ability to walk. As for price dumping, again -- if rich VC's want to compete with each other to subsidize my rides and my drivers wages -- I'm not going to complain about it. Uber and Lyft are the epitome of options vs what was going on in the NYC taxi scene before them.
- AstralStorm 9y agoNot at all. Price dumping (also loss leading) is a tactic to build a monopoly or a dominant position on the market. Once competition is driven out, raise prices and barriers to entry to cement the advantages. Those rich VCs get their money from somewhere. Usually us poor suckers who do not get paid the proper wage. Even a free taxi does not offset it.
- malandrew 9y agoWhat alternative are you proposing besides capitalism with robust anti-trust laws? Today, many people are proposing socialism/communism, which ironically is just a system where the state has a monopoly on almost everything and there is no anti-trust organization to break up that monopoly.