4 ms·
OK, but lumber isn't a monopoly controlled market, whereas a lot of other things in this country (medications, eggs, real estate recently, power, lysine, cable
by fallingfrog 4y ago
OK, but lumber isn't a monopoly controlled market, whereas a lot of other things in this country (medications, eggs, real estate recently, power, lysine, cable internet) are and are therefore subject to price fixing.
I remember that the day before gmail went into beta, yahoo mail was charging 25 dollars a month for 100mB of storage. Gmail went beta and offered 1 GB for free, and the next day, yahoo mail offered the same thing. They always could have done that, they just had no competition to force them to do it. So they charged artificially inflated prices.
This is what many older people don't understand. Back when they were young, there were many competing businesses in many fields, but now, there are often one or a small number, and they engage in widespread price gouging. Because they can.
This is the natural evolution of a capitalist economy- no conspiracy is required. The point of competition is, after all, to win, and after you win, you get to set the price of goods and services to be whatever you want it to be. Just ask Martin Skreli. Price fixing in this country is ubiquitous and standard practice. In that case, sometimes the government can step in and introduce competition to a market where there is none- as California is doing to insulin- or they can regulate prices- as they do with power.
- vba616 4y ago>This is what many older people don't understand. If you remember before gmail, then you are ancient. Tell us, gramps, more about these $25/month Yahoo! email accounts.
- fallingfrog 4y agoI’m 43, gmail was in beta when I was a teenager. I’m gen x, born 1 year too early to be a millennial. It was just an example. I think it’s a pretty good example, I remember thinking, wait, yesterday it was 25 a month and now you get 10 times as much for free?? How does supply and demand explain that? Anyways the people making most of the decisions in our society are 30 years older than me.