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Generally anything that gets in the way of pure competition shifts the incentives that players have to make good products or services. When this happens, the co
by mym1990 5y ago
Generally anything that gets in the way of pure competition shifts the incentives that players have to make good products or services. When this happens, the consumer is usually the one that gets the bad end of the stick with faulty goods or services, while the producer still gets to keep the proceeds.
- vanviegen 5y agoYes, but looking at this only from the perspective of a consumer seems rather limited. One additional consideration, the one we're talking about here, is the importance of being somewhat self-reliant when shit hits the fan. And even if only consumers matter, what you're saying only hold in theory, given a 'perfect market'. In practice, consumers have imperfect (read: atrociously bad) information, and big corporations hold many unfair advantages.
- mym1990 5y agoUnfair advantages, or simply advantages? Companies have a hard enough time surviving in a market where everything is not hitting the fan, their concern about surviving when shit hits the fan is on the fringes of things to worry about. I absolutely never said consumers are the only thing that matter. I don't know where you read that between my lines. I said that in a market that is propped up by subsidies, the consumer is the one that gets hurt the most.