2 ms·
> Disney and Marvel made billions of dollars simply making content people want to watch and pay for, why not simply do the same and compete in the marketplace?
by irjustin 4y ago
> Disney and Marvel made billions of dollars simply making content people want to watch and pay for, why not simply do the same and compete in the marketplace? Imagine how ridiculous it would be if there were quotas on iPhone sold so that BlackBerry still had a legally mandated market share.
This is unchecked capitalism and it is self-destructive (to the larger society) which is why it's necessary for anti-competitive laws and large breakups.
Not sure if we should go in to the debate of gov's role vs capitalism because that-can-of-worms^tm, but "pure market forces" is great, but only true up to a point.
- int_19h 3y agoUnchecked capitalism is when you let the companies grow and monopolize markets indefinitely; what does that have to do with simply respecting the customer preferences?
- 908B64B197 3y agoPerhaps 50 years ago these restrictions and quotas made somewhat sense because of the limited spectrum of frequencies to broadcast, but right now the entertainment market is more competitive than it has ever been! Creators are breaking a million subscribers online simply by making content people like and want to watch. On a shoestring budget!