4 ms·
Doesn't price raising only work if there is either 1.an enormous wealth disparity between the lower and upper classes or 2. the upper classes have a monopoly on
by metalcrow 3y ago
Doesn't price raising only work if there is either 1.an enormous wealth disparity between the lower and upper classes or 2. the upper classes have a monopoly on violence? The only way competition shouldn't be able to cancel out this price inflation is if the "wage slaves" can't say "maybe i should take this extra money and start my own landlord business, and undercut those assholes who just raised prices".
After all, in other first world counties, even those without strong regulations, landlords and merchants don't capture all of your profit.
Your second point about supply of this type of content outpacing demand is valid, though.