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Leasing and/or renting: Fine. But making a monopoly on providing parts and services is not a good thing. People end up paying 2000 dollar for a 2 dollar repair
by dncornholio 5y ago
Leasing and/or renting: Fine.
But making a monopoly on providing parts and services is not a good thing. People end up paying 2000 dollar for a 2 dollar repair.
Imagine the world when buying a new car/truck/tractor is less expensive than replacing the brakes for example. This is how the world works right now.
- basch 5y ago>People end up paying 2000 dollar for a 2 dollar repair. That's the entire world economy. Have you watched Shark Tank? "What do you sell it for and what is your landed price." Mark is smiling and clapping at the people who manage to sell a $2 part for $100, the bigger the ripoff the more he loves it, they've achieved the American Dream. The reality in the Apple/John Deer situation is that the profit is going back into overfunding design to also make better products. Not all of it, but enough to keep a persistent edge over competitors.
- TaylorAlexander 5y agoPaying $2000 when you could pay $2 is how much of the economy operates but personally I think situations like that, often under the umbrella of “rent seeking behavior”, are actually harmful to society.