3 ms·

My point is a general one - the printer market is doing exactly what all elastic markets do.

bostonsre 4y ago
It's what they do if there is not a healthy market with lots of innovation and competition. It is a dieing (of maybe stagnant and on the decline) market where the few remaining are squeezing out the last remaining drops of revenue.
- s0l1dsnak3123 4y ago
  Competition isn't allowed to flourish when the market leaders use their runaway profits to buy up any and all possible contenders. My point is that this exact process can be seen across our economy, because anti-competitive behaviour is inherent to the economic system we live in. This is not controversial.
  - bostonsre 4y ago
    Selfishness and greed are inherent to people,the baby should not be thrown out with the bathwater tho. We should push against the Facebooks of the world because other economic systems have proven to be worse.
blitz_skull 4y ago
Well, without hyper-focusing on printers, I fail to see the call to action here. I don't understand why "this is not an economy that works for ordinary people". I consider myself pretty ordinary and my life is impacted almost 0 by the forces of elastic markets.
- s0l1dsnak3123 4y ago
  Inequality is getting worse and worse across the west: https://equalitytrust.org.uk/scale-economic-inequality-uk https://equalitytrust.org.uk/scale-economic-inequality-uk Businesses are choosing to use their profits to perform stock buybacks instead of innovating or improving standards for their workers: https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for-the-economy https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for... Meanwhile the cost of living is going through the roof: https://commonslibrary.parliament.uk/research-briefings/cbp-8585/ https://commonslibrary.parliament.uk/research-briefings/cbp-... And pay is not catching up, further aggravated by inflation: https://www.statista.com/statistics/1272447/uk-wage-growth-vs-inflation/ https://www.statista.com/statistics/1272447/uk-wage-growth-v... In the UK we also have a 54% increase in the residential cost of energy (within the context of extreme profiteering from energy manufacturers): https://edition.cnn.com/2022/02/03/business/energy-prices-uk-cost-of-living/index.html https://edition.cnn.com/2022/02/03/business/energy-prices-uk... And 9.1% inflation: https://www.msn.com/en-in/news/other/uk-inflation-rate-hits-new-high-read-these-4-charts/ar-AAYPpPm https://www.msn.com/en-in/news/other/uk-inflation-rate-hits-... This is true across the world. I'm not sure what your life is like, but it sure as hell doesn't match the lived experience of many.
  - benj111 4y ago
    So what was your story 2 years ago when energy was cheap and producers were closing down?
    - BizarroLand 4y ago
      What was your story on May 18, 1980 when no one was prepared for Mt. St. Helens to explode and people died?
- clint 4y ago
  Then you, by definition, are not ordinary. The average person is impacted by capitalist market economy shenanigans on a continuous basis on nearly everything required to stay alive.

It's what they do if there is not a healthy market with lots of innovation and competition. It is a dieing (of maybe stagnant and on the decline) market where the few remaining are squeezing out the last remaining drops of revenue.

s0l1dsnak3123 4y ago
Competition isn't allowed to flourish when the market leaders use their runaway profits to buy up any and all possible contenders. My point is that this exact process can be seen across our economy, because anti-competitive behaviour is inherent to the economic system we live in. This is not controversial.
- bostonsre 4y ago
  Selfishness and greed are inherent to people,the baby should not be thrown out with the bathwater tho. We should push against the Facebooks of the world because other economic systems have proven to be worse.

blitz_skull 4y ago

Well, without hyper-focusing on printers, I fail to see the call to action here. I don't understand why "this is not an economy that works for ordinary people". I consider myself pretty ordinary and my life is impacted almost 0 by the forces of elastic markets.

s0l1dsnak3123 4y ago
Inequality is getting worse and worse across the west: https://equalitytrust.org.uk/scale-economic-inequality-uk https://equalitytrust.org.uk/scale-economic-inequality-uk Businesses are choosing to use their profits to perform stock buybacks instead of innovating or improving standards for their workers: https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for-the-economy https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for... Meanwhile the cost of living is going through the roof: https://commonslibrary.parliament.uk/research-briefings/cbp-8585/ https://commonslibrary.parliament.uk/research-briefings/cbp-... And pay is not catching up, further aggravated by inflation: https://www.statista.com/statistics/1272447/uk-wage-growth-vs-inflation/ https://www.statista.com/statistics/1272447/uk-wage-growth-v... In the UK we also have a 54% increase in the residential cost of energy (within the context of extreme profiteering from energy manufacturers): https://edition.cnn.com/2022/02/03/business/energy-prices-uk-cost-of-living/index.html https://edition.cnn.com/2022/02/03/business/energy-prices-uk... And 9.1% inflation: https://www.msn.com/en-in/news/other/uk-inflation-rate-hits-new-high-read-these-4-charts/ar-AAYPpPm https://www.msn.com/en-in/news/other/uk-inflation-rate-hits-... This is true across the world. I'm not sure what your life is like, but it sure as hell doesn't match the lived experience of many.
- benj111 4y ago
  So what was your story 2 years ago when energy was cheap and producers were closing down?
  - BizarroLand 4y ago
    What was your story on May 18, 1980 when no one was prepared for Mt. St. Helens to explode and people died?
clint 4y ago
Then you, by definition, are not ordinary. The average person is impacted by capitalist market economy shenanigans on a continuous basis on nearly everything required to stay alive.