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> Competition from other car-makers, which is precisely capitalism. Otherwise it would be illegal price collusion. You say that like price collusion doesn't ha
by jstarfish 6y ago
> Competition from other car-makers, which is precisely capitalism. Otherwise it would be illegal price collusion.
You say that like price collusion doesn't happen anyway.
https://www.usitc.gov/press_room/news_release/2009/er0629gg1.htm https://www.usitc.gov/press_room/news_release/2009/er0629gg1...
We already saw the Obama administration tax the shit out of underpriced Chinese tires to drive production and consumption of domestic brands. So some funny money gets injected into the market, and the first thing we see is American manufacturers taking advantage of the lack of competition by raising their own prices to absorb the delta in capital since cheaper alternatives no longer existed.
UBI does not work in a capitalist economy. Prices always adjust to the maximum people are able to pay, even (and especially) where it does not meet the statutory definition of "collusion." It's fucked by design.