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How would this proposed law work? I am really curious how you would word a law to enforce this.
by cortesoft 4y ago
How would this proposed law work? I am really curious how you would word a law to enforce this.
- mstipetic 4y agoI really have no idea. Since the market values uber or a buy now pay later widget (or at least used to) at 50+ billion I'm not sure I understand much how things work. Maybe we need a reluctant philosopher king like in Plato's Republic.
- woofcat 4y agoIsn't there already laws against established companies using their market position to price under cost to cut out competition?
- cortesoft 4y agoThere are laws against 'dumping', which is selling goods at a loss to drive out competitors, but those are fairly narrow in scope. It would be hard to enforce a more general restriction on not being profitable.