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We also live in a "consumer always loses" economy as well. It could just be "consumer" supercedes "user". I was listening to Richard Wolff describing to Patric
by unabst 6y ago
We also live in a "consumer always loses" economy as well. It could just be "consumer" supercedes "user".
I was listening to Richard Wolff describing to Patrick Bet-David how capitalism creates monopolies and in the end the consumers always lose [1]. As companies get bigger, they become worse actors. I can't think of a counter example.
Patrick thinks everything has gotten cheaper and the consumer is winning, at least today (since history only backs the thesis). Richard couldn't come up with immediate counter examples regarding how Amazon is abusing their monopoly priviledges but FBA pricing and seller fees came to mind. Someone in the comments mentioned prescription drugs.
[1] Heated Debate On Capitalism with America’s Most Prominent Marxist Economist - Richard Wolff
https://www.youtube.com/watch?v=wj-zFgxCUnY https://www.youtube.com/watch?v=wj-zFgxCUnY