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I agree, but in the capitalistic economy that we unfortunately live in, competition is the only thing that will lower prices.
by RobotToaster 4y ago
I agree, but in the capitalistic economy that we unfortunately live in, competition is the only thing that will lower prices.
- robertlagrant 4y agoCompetition is almost the only thing that has ever lowered prices, raised wages, raised quality and invented new things. It's weird to demonise competition.
- skinnymuch 4y agoYeah under capitalism that’s sometimes true. Otherwise, Cuba has great doctors and great medicine for example. A lot of America’s competition is BS. Companies behaving like cartels is more common.
- robertlagrant 4y ago> Companies behaving like cartels is more common. Companies can start to behave like a government and reduce or eliminate competition, it's true. I don't think it's proportionally a big effect, but happy to read sources.