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https://en.wikipedia.org/wiki/Standard_Oil https://en.wikipedia.org/wiki/Standard_Oil

• pdonis 7y ago
  Yes, Standard Oil, whose major "crime" was selling oil more cheaply than all of its competitors.
  • barry-cotter 7y ago
    Don’t forget constantly increasing quality as well as falling prices.
  • gzer0 7y ago
    Standard raised prices to its monopolistic customers but lowered them to hurt competitors, often disguising its illegal actions by using bogus supposedly independent companies it controlled [1]. The evidence is, in fact, absolutely conclusive that the Standard Oil Co. charges altogether excessive prices where it meets no competition, and particularly where there is little likelihood of competitors entering the field, and that, on the other hand, where competition is active, it frequently cuts prices to a point which leaves even the Standard little or no profit, and which more often leaves no profit to the competitor, whose costs are ordinarily somewhat higher [2]. [1]. Grayson, Leslie E. (1987). Who and How in Planning for Large Companies: Generalizations from the Experiences of Oil Companies. [2]. Standard Oil Co. of New Jersey v. United States, 221 U.S. 1 (1911).
    • kortilla 7y ago
      As if price discrimination isn’t a practice used commonly today.
      • gzer0 7y ago
        I'm unsure what point you are trying to make here? That the practices conducted by Standard Oil were considered acceptable? Or are you stating that because it is done today (wrongfully so, imo), it was okay back then? Please elaborate.
        • kortilla 7y ago
          Price discrimination isn’t really a problem. Companies do it all the time with coupons, origin of purchaser, etc. What your comment doesn’t show is why it was bad when standard oil did it.
          • gzer0 7y ago
            Your comment, seems to be missing a lot more: a coherent series of reasons, statements, or facts intended to support or establish a point of view
            • kortilla 7y ago
              Wow, super childish. Anyway, the point I was making is that all you managed to show was that standard oil practiced price discrimination as if it was some big revelation. Then I pointed out how it happens to a vast extent every day and it’s part of modern markets and you have nothing in response to defend your stance on price discrimination. My guess is you just found out that coupons are price discrimination and are still pretty upset about that? If so, I’m sorry to break that news to you.
              • gzer0 7y ago
                > Then I pointed out how it happens to a vast extent every day and it’s part of modern markets and you have nothing in response to defend your stance on price discrimination. Back this up. None of your statements have any backing. Edit: From your comment style and prior history, you have a history of utilizing red herring and slippery slope style comments to get your way without backing a single thing you say. Please, cut the bullshit.
                • kortilla 7y ago
                  Back what up? Grocery stores send out thousands of coupons every day in the regular mail. Coupons are price discrimination plain and simple. I’m honestly not sure what you need me to provide to show you how coupons work. Grocery stores getting more sophisticated: https://www.forbes.com/sites/moneybuilder/2012/08/21/individualized-coupons-aid-price-discrimination/ https://www.forbes.com/sites/moneybuilder/2012/08/21/individ... Here’s airlines: http://theconversation.com/a-travellers-guide-to-airline-price-discrimination-98329 http://theconversation.com/a-travellers-guide-to-airline-pri... There’s a bunch of examples right in the fucking wiki page on price discrimination: https://en.wikipedia.org/wiki/Price_discrimination https://en.wikipedia.org/wiki/Price_discrimination Please spend a little effort at least googling before you make demands for proof of something so common. > From your comment style and prior history That’s just pathetic. Nobody is ever impressed you read someone else’s comment history to make a childlike ad hominem attack, especially just to misuse the term “red herring”. Stalking has ever advanced a conversation. Stick to the topic.
  • veeralpatel979 7y ago
    Didn't they collude with railroads?