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I’d view “buying competitors” as a sign of “competing”. Otherwise, in the Middle Ages, “European kingdoms don’t fight wars, they just conquer one another”
by jpttsn 5y ago
I’d view “buying competitors” as a sign of “competing”.
Otherwise, in the Middle Ages, “European kingdoms don’t fight wars, they just conquer one another”
- osmarks 5y agoPossibly, but it's not the sort of competition which leads to more choice and better outcomes for consumers.
- lanstin 5y agoThe math showing free market equilibrium being the most prosperous depends on a large number of entities on both the selling and the buying end.
- jpttsn 5y agoMaybe, maybe not. Consumers would be analogous to consumers of kingdoms, so it all sort of falls apart. Anyway, if the competition is not an ends unto itself it would seem a more direct argument can be made.
- minusf 5y agoi can think of a couple of sad examples where buyout resulted in drop of quality or even dying off. it's often used to kill competition and not the other way.