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> What prevents a monopolized market? I'm not sure if the Indian government does this, but in some countries the government breaks up monopolies and tries to p

> What prevents a monopolized market? I'm not sure if the Indian government does this, but in some countries the government breaks up monopolies and tries to prevent them from forming in the first place. I think the new laws allow anyone to approach a farmer with a better deal, and if the farmer chooses, they can even try to sell directly to the end customers.

xrisk 6y ago
The Indian government actively colludes with big corp; forget about breaking up monopolies (see: Jio). As for the claim that the new laws allow anybody to approach a farmer with a better deal; sure that works in theory -- but notice that 1) that only works if there isn't a monopoly that drives prices (consider Jio that successfully monopolized telecom in India and now effectively sets prices throughout the industry) 2) farmers would be contractually obligated to sell produce (which would be a long-term deal). The issue might be alleviated if the government promises to enforce a minimum price on all contracts made, but it will do nothing of that sort. As for selling directly to end customers, in my limited knowledge, that is not a thing in India.
- qart 6y ago
  Jio is not a monopoly by any stretch of imagination. My family is entirely on Airtel. No one has felt the need to switch. Among all my friends, only one person uses Jio.
  - xrisk 6y ago
    ... You realize that it set pricing across operators forcing literally every single one of them into losses?
    - qart 6y ago
      No one can "realize" fake facts. Here are some real facts: https://assets.airtel.in/teams/simplycms/web/docs/Bharti_Airtel_Services_Limited_31March2020.pdf https://assets.airtel.in/teams/simplycms/web/docs/Bharti_Air...
      - xrisk 6y ago
        You've linked me to a subsidiary [1] (that too one that sells telecom hardware)? Airtel the co has made 300M INR in losses for 2019-2020 [2] [1]: https://www.emis.com/php/company-profile/IN/Bharti_Airtel_Services_Ltd_en_1621401.html https://www.emis.com/php/company-profile/IN/Bharti_Airtel_Se... [2]: https://assets.airtel.in/teams/simplycms/web/docs/Airtel-Integrated_Report_and_Annual_Financial_Statements_2019-20.pdf https://assets.airtel.in/teams/simplycms/web/docs/Airtel-Int...
        qart 6y ago
        I linked you to Airtel's Indian telecom business, i.e. the business in direct competition to Jio. The document you linked to says it's about "Operations in 18 countries including India and Sri Lanka", offering many kinds of services unrelated to telecom.
        xrisk 6y ago
        From [1]: > Bharti Airtel Services Limited (BASL) engages mainly in selling of hardware for internet and satellite business. Also please do elaborate on what sources of revenue that Airtel has that cause its 300M in loss while (as you claim) it makes profits in their telecom?
        qart 6y ago
        https://www.bloomberg.com/profile/company/8155686Z:IN https://www.bloomberg.com/profile/company/8155686Z:IN "Bharti Airtel Services Ltd. provides telecommunication services. The Company offers mobile, voice, and data services, as well as fixed line, high speed broadband, IPTV, and DTH services. Bharti provides telecom solutions for enterprises and international long distance service carriers." > Also please do elaborate on what sources of revenue that Airtel has that cause its 300M in loss Not interested. The bottom line is that Bharti Airtel Services, the direct competitor of Jio, is making a profit, contrary to your beliefs. Jio is not a monopoly.
srean 6y ago
Indeed. I am against these laws because there are no such safeguards. In fact these laws take away the right to approach the courts in case of a dispute. Previously the state government could conduct raids in case hoarding of supplies were indicated. According to these laws the state governments cannot do that on the basis of rising prices till the scarcity pushes the price up by another 100%. Agri needs reform, but that does not mean that the proposed ones are what is needed.

xrisk 6y ago

The Indian government actively colludes with big corp; forget about breaking up monopolies (see: Jio). As for the claim that the new laws allow anybody to approach a farmer with a better deal; sure that works in theory -- but notice that 1) that only works if there isn't a monopoly that drives prices (consider Jio that successfully monopolized telecom in India and now effectively sets prices throughout the industry) 2) farmers would be contractually obligated to sell produce (which would be a long-term deal). The issue might be alleviated if the government promises to enforce a minimum price on all contracts made, but it will do nothing of that sort. As for selling directly to end customers, in my limited knowledge, that is not a thing in India.

qart 6y ago
Jio is not a monopoly by any stretch of imagination. My family is entirely on Airtel. No one has felt the need to switch. Among all my friends, only one person uses Jio.
- xrisk 6y ago
  ... You realize that it set pricing across operators forcing literally every single one of them into losses?
  - qart 6y ago
    No one can "realize" fake facts. Here are some real facts: https://assets.airtel.in/teams/simplycms/web/docs/Bharti_Airtel_Services_Limited_31March2020.pdf https://assets.airtel.in/teams/simplycms/web/docs/Bharti_Air...
    - xrisk 6y ago
      You've linked me to a subsidiary [1] (that too one that sells telecom hardware)? Airtel the co has made 300M INR in losses for 2019-2020 [2] [1]: https://www.emis.com/php/company-profile/IN/Bharti_Airtel_Services_Ltd_en_1621401.html https://www.emis.com/php/company-profile/IN/Bharti_Airtel_Se... [2]: https://assets.airtel.in/teams/simplycms/web/docs/Airtel-Integrated_Report_and_Annual_Financial_Statements_2019-20.pdf https://assets.airtel.in/teams/simplycms/web/docs/Airtel-Int...
      - qart 6y ago
        I linked you to Airtel's Indian telecom business, i.e. the business in direct competition to Jio. The document you linked to says it's about "Operations in 18 countries including India and Sri Lanka", offering many kinds of services unrelated to telecom.
        xrisk 6y ago
        From [1]: > Bharti Airtel Services Limited (BASL) engages mainly in selling of hardware for internet and satellite business. Also please do elaborate on what sources of revenue that Airtel has that cause its 300M in loss while (as you claim) it makes profits in their telecom?
        qart 6y ago
        https://www.bloomberg.com/profile/company/8155686Z:IN https://www.bloomberg.com/profile/company/8155686Z:IN "Bharti Airtel Services Ltd. provides telecommunication services. The Company offers mobile, voice, and data services, as well as fixed line, high speed broadband, IPTV, and DTH services. Bharti provides telecom solutions for enterprises and international long distance service carriers." > Also please do elaborate on what sources of revenue that Airtel has that cause its 300M in loss Not interested. The bottom line is that Bharti Airtel Services, the direct competitor of Jio, is making a profit, contrary to your beliefs. Jio is not a monopoly.

srean 6y ago

Indeed. I am against these laws because there are no such safeguards. In fact these laws take away the right to approach the courts in case of a dispute. Previously the state government could conduct raids in case hoarding of supplies were indicated. According to these laws the state governments cannot do that on the basis of rising prices till the scarcity pushes the price up by another 100%. Agri needs reform, but that does not mean that the proposed ones are what is needed.