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Unfortunately this is what happens when companies are allowed to operate completely unabated. They'll gladly build up a monopoly and try to make it as invisible
by fzeroracer 7y ago
Unfortunately this is what happens when companies are allowed to operate completely unabated. They'll gladly build up a monopoly and try to make it as invisible as possible while lobbying behind the scenes to reduce regulations for them and add regulations to prevent challengers.
We have multiple markets like this in the US which have occured as the result of consolidation and lobbying and we're just...not doing anything about it. While they exercise rent-seeking behaviors in order to gouge customers.
- PixyMisa 7y agoRent-seeking is the opposite of companies being allowed to operate completely unabated. It's government intervention on behalf of specific companies.
- zdragnar 7y agoThis is the opposite of completely unabated. The government created a regulatory burden against consumers, ostensibly for their own good, forcing brick and mortar stores into complying. Unabated would imply that such regulations are not enforced or in place, and you're starting to see that with online retailers that will sell you anything eye-wear related with a little warning that you're agreeing you do have a valid prescription, which noone believes anyone will get in trouble for lying about. (I.e. zenni) The same is starting to be true for cpap machines and other things as well. You can blame certain companies, you can blame certain politicians and bureaucrats, but you cant blame all companies or that companies are running "unabated". It is disingenuous, facile and simply incorrect.