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My pet theory as much of the United State's recent... troubles? Stagnation? Is due to lack of antitrust enforcement. There simply isn't meaningful competitio
by phil21 3y ago
My pet theory as much of the United State's recent... troubles? Stagnation? Is due to lack of antitrust enforcement.
There simply isn't meaningful competition in so many areas of society today, business included. To the point I think an entire generation has forgotten what operating in a competitive environment is like. Both as consumers and producers.
I watch friends who simply have no concept that there is an option outside of the mainstream grocery store chain they go to - as they drive past 2-3 ethnic stores on the way there, all of which are much cheaper on average for items they both carry. These same friends complain about inflation, but take zero action on their part to even learn about other options - much less pursue them. When I ask the response is usually something along the lines of "I've always went to place X for the past 20 years, why would I change now?".
It's going to take shaking a lot of people out of their comfort zones for healthy competition to return to society.
- Animats 3y ago> There simply isn't meaningful competition in so many areas of society today, business included. To the point I think an entire generation has forgotten what operating in a competitive environment is like. Both as consumers and producers. Yes. There's a whole school of thought, headed by Peter Thiel, that "competition is for losers" and "monopolies are good."[1] [1] https://www.wsj.com/video/peter-thiel-why-monopolies-are-a-good-thing/3D9A5E99-02E5-42EB-8B10-ED8E37FA26DD.html https://www.wsj.com/video/peter-thiel-why-monopolies-are-a-g...