4 ms·
>I'd always thought it was a sort of unspoken "game theoretic" type of collusion (which I'm sure it is in part), but it looks like they've had very explicit com
by oldgradstudent 5y ago
>I'd always thought it was a sort of unspoken "game theoretic" type of collusion (which I'm sure it is in part), but it looks like they've had very explicit communication about it:
Why would you even think that after the whole salary fixing scandal? There's no enforcement of antitrust law and no incentive not to collude freely and egregiously.
Had Eric Schmidt, Steve Jobs, George Lucas, Paul Otellini, and everyone else directly involved in the wage fixing scandal, spent a year in federal prison per violation, the situation might have been different.
- rewq4321 5y agoFair point!
- rightbyte 5y agoIs fixing wages illegal, like price fixing?
- aaaaaaaaaaab 5y agoIt violates federal antitrust law.
- ClumsyPilot 5y agoDo we have law and order?
- Frost1x 5y agoIf it's not it should be. You can't push free markets for everyone else then controlled markets for yourself (I mean you can, but it's hypocrisy). I'm tired of the double standards businesses and the capital ownership class have.
- noasaservice 5y ago"If the penalty for a crime is a fine, then that law only exists for the lower class." -Final Fantasy Tactics
- anchpop 5y agoif the fine is the cost of the externality divided by the odds of getting caught, then the incentives are still aligned