4 ms·
I mean sure, but what extent does creating competitive advantage become unfair and immoral? At what point is it a long term liability, both to industry and civi
by Clubber 9y ago
I mean sure, but what extent does creating competitive advantage become unfair and immoral? At what point is it a long term liability, both to industry and civilization as a whole? The US exploded after WWII because Europe and Asia were in ashes. That sure is a competitive advantage. We could attempt recreate that competitive advantage by bombing cities and manufacturing centers in other countries. We could create competitive advantage by invading and subjugating other resource rich countries. How about slave labor (chattel or coerced) sold it at pennies on the dollar?
How about Standard Oil artificially lowering regional prices to put all competition out of business, only to raise the prices once dominance is attained?
The question is really did China achieve that competitive advantage in unfair and unscrupulous ways? Should other countries be free to regain competitive advantage by finding even more unfair and unscrupulous methods? What does the world look like after walking down that path for another 50 years?
- barry-cotter 9y ago> How about Standard Oil artificially lowering regional prices to put all competition out of business, Lowering prices to increase market share is perfectly fine, especiallly when you have decreasing costs of production. > only to raise the prices once dominance is attained? No evidence of any policy of them doing that, or of it happening on any long-term scale.