4 ms·
What you're describing here is not capitalism but rather a single unwanted scenario that can come from it, specifically when there are too few producers in a ca
by mbostleman 5y ago
What you're describing here is not capitalism but rather a single unwanted scenario that can come from it, specifically when there are too few producers in a category or, in your example, when there is only one.
- pygy_ 5y agoMarket consolidation seems to be the mechanical conclusion of the current rules of the capitalist system, thanks to compounding effects.
- bavell 5y agoYes, it also ignores that price is only one of many factors in the market - doesn't matter to some consumers how cheap your widget is if my widget has new tech/features not found in your widget and consumers need those features. So company A in the example could drop prices and still not be able to compete with the superior product from company B. Happens all the time in the real world.