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Classic monopoly behavior w/o the monopoly: run competitors out of business with cheaper, better service then provide more expensive, worse service once the exi
by DragonStrength 3y ago
Classic monopoly behavior w/o the monopoly: run competitors out of business with cheaper, better service then provide more expensive, worse service once the existing players are bankrupt. Calling them "start ups" and ignoring the major money backing them shouldn't change the equation.
- ChadNauseam 3y agoWithout the monopoly, it’s not really problematic though. Ironically, this accusation. is almost always levied against Uber, which is not a monopoly, better than the competition, and competing with a monopoly! The taxicab monopoly was part of the reason prices were high and service was bad
- hgsgm 3y agoTaxicabs only had a monopoly (not exact the right word, but a constrained market) in a few cities.
- danaris 3y agoIt's problematic because it is explicitly intended to make them a monopoly. When you run competitors out of business, you...don't have competition. Competition is what keeps a market healthy.
- Sohcahtoa82 3y ago> then provide more expensive, worse service I like how the term "enshittification" got coined to describe this.