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Established market player can go below cost also. But they choose not to. They have plenty of inefficiency built in due to legacy baggages like less productive

Established market player can go below cost also. But they choose not to. They have plenty of inefficiency built in due to legacy baggages like less productive older workers or unions. The competition from startups are welcome boon to destroy older players way of doing things. I won't expect the traditional player to die out. In America you can still find mom and pop shops even though 90+% decimated by the big boxes like Walmart or Amazon. NY Yellow bacs still surviving and to large extend has improved significantly their customer services after Uber and Lyft established themselves. Nokia is also a good example where they didn't opt for better UI and OS after decades of dominance though people usually wont recognized Apple as "startup" in mobile market back then.

mschuster91 5y ago
> They have plenty of inefficiency built in due to legacy baggages like less productive older workers or unions. "Less productive older workers" deserve jobs, too. And unions are no "legacy baggage", but vital tools to ensure decent workplace conditions and wages (see e.g. Amazon and pee bottles). > In America you can still find mom and pop shops even though 90+% decimated by the big boxes like Walmart or Amazon. Ask people in rural areas what they miss most and the answer will almost universally be shopping opportunities, as it is extremely hard to compete against Walmart and shopping malls. > NY Yellow bacs still surviving and to large extend has improved significantly their customer services after Uber and Lyft established themselves. At the cost of taxi drivers who went as far as committing suicide as the price of their medallions fell through the floor (https://www.nytimes.com/2018/12/02/nyregion/taxi-drivers-suicide-nyc.html https://www.nytimes.com/2018/12/02/nyregion/taxi-drivers-sui...). Price dumping always has follow-up costs that are externalized to society at large.
- ryanlol 5y ago
  > At the cost of taxi drivers who went as far as committing suicide as the price of their medallions fell through the floor (https://www.nytimes.com/2018/12/02/nyregion/taxi-drivers-sui https://www.nytimes.com/2018/12/02/nyregion/taxi-drivers-sui...). Some upset taxi drivers is a perfectly acceptable cost, let the healthcare system worry about preventing suicides.
  - gumby 5y ago
    Not sure which country you’re talking about but the health care systems of both India and the USA are quite limited for those without money.
    - ryanlol 5y ago
      Yeah, that was kind of my point.
  - bartwe 5y ago
    Externalizing costs is what got is into these problems..
  - gilrain 5y ago
    This borders on a sociopathic lack of empathy.
    - ryanlol 5y ago
      Advocating for better healthcare and social security borders on sociopathic lack of empathy? I guess we’ve moved on from calling Europeans communists. Perhaps you’re just an awful person?

mschuster91 5y ago

> They have plenty of inefficiency built in due to legacy baggages like less productive older workers or unions. "Less productive older workers" deserve jobs, too. And unions are no "legacy baggage", but vital tools to ensure decent workplace conditions and wages (see e.g. Amazon and pee bottles). > In America you can still find mom and pop shops even though 90+% decimated by the big boxes like Walmart or Amazon. Ask people in rural areas what they miss most and the answer will almost universally be shopping opportunities, as it is extremely hard to compete against Walmart and shopping malls. > NY Yellow bacs still surviving and to large extend has improved significantly their customer services after Uber and Lyft established themselves. At the cost of taxi drivers who went as far as committing suicide as the price of their medallions fell through the floor (https://www.nytimes.com/2018/12/02/nyregion/taxi-drivers-suicide-nyc.html https://www.nytimes.com/2018/12/02/nyregion/taxi-drivers-sui...). Price dumping always has follow-up costs that are externalized to society at large.

ryanlol 5y ago
> At the cost of taxi drivers who went as far as committing suicide as the price of their medallions fell through the floor (https://www.nytimes.com/2018/12/02/nyregion/taxi-drivers-sui https://www.nytimes.com/2018/12/02/nyregion/taxi-drivers-sui...). Some upset taxi drivers is a perfectly acceptable cost, let the healthcare system worry about preventing suicides.
- gumby 5y ago
  Not sure which country you’re talking about but the health care systems of both India and the USA are quite limited for those without money.
  - ryanlol 5y ago
    Yeah, that was kind of my point.
- bartwe 5y ago
  Externalizing costs is what got is into these problems..
- gilrain 5y ago
  This borders on a sociopathic lack of empathy.
  - ryanlol 5y ago
    Advocating for better healthcare and social security borders on sociopathic lack of empathy? I guess we’ve moved on from calling Europeans communists. Perhaps you’re just an awful person?