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It should be illegal. It allows an unsustainable and lower-quality business to kill competitors that might actually have a working business model. In the long
by bogwog 4y ago
It should be illegal. It allows an unsustainable and lower-quality business to kill competitors that might actually have a working business model.
In the long run, consumers lose because they have reduced (and shittier) options, and the overall economy loses because one giant monopoly isn't going to contribute as much as a competitive market would in terms of innovations, technologies, GDP, etc.
- dotancohen 4y agoOstensibly, laws are not designed to be tools for protecting business models.
- bogwog 4y agoThis is a dishonest way to say that since it misconstrues my argument. I never said there should be laws to protect business models, but rather laws to ban them. One might say it’s the same difference, but the framings are clearly not the same, and makes my argument seem ridiculous. Antitrust laws exist (even though it may not seem like it). These business models that involve dumping mountains of cash into unsustainable businesses in order to kill the competition is very clearly anti-competitive behavior. The long term harm to consumers is clear.
- dotancohen 4y agoI honestly had no intention of misconstruing your argument.