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Please note that I never claimed that I was treated unfairly by Dell. It's just factual that I paid a higher price than I would have if there were not collusion
by LogicHoleFlaw 18y ago
Please note that I never claimed that I was treated unfairly by Dell. It's just factual that I paid a higher price than I would have if there were not collusion in the market for LCD displays. Part of the point of free market capitalism is that competitors don't collude to keep prices artificially high. When they do, it's a market failure. That's why antitrust regulation is so vigorously enforced. I'll quote from the article:
In a 2004 Supreme Court decision, which was unanimous, cartels were called “the supreme evil of antitrust.”
“Cartels are regarded as the most dangerous form of anticompetitive conduct,” said Andrew I. Gavil, a law professor at Howard University. “The reason is that the potential impact on consumers is so great, and there is no plausible justification for it.”