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The customer isn't the regulator here though, Costco is, and Costco can only do so with market power. People aren't picking Costco because Costco has the best
by 8note 3y ago
The customer isn't the regulator here though, Costco is, and Costco can only do so with market power.
People aren't picking Costco because Costco has the best printers, they're buying their printers at costco because they're already at Costco buying groceries and clothing.
It's the same thing with apple -- monopolizing power gives corporations regulatory power.
> normal existing rules about truth in advertising would make sure the sticker is trustworthy
Take out one regulation, while leaving another overlapping regulation, and the regulation still works? This is switching the conversation to which regulations are the most effective, rather than saying that regulations are irrelevant.
- setr 3y agoI know multiple people who buy electronics at Costco specifically because they know it’ll be a safe buy, a direct result of Costco pushing these kinds of requirements. Reputational value that the actual tech company itself has lost
- aix1 3y agoAgree 100%. For example, in the UK they extend the manufacturer's warranty on TVs to five years and have a reputation for being very straightforward to deal with when things go wrong.
- TheNewsIsHere 3y agoThe last several monitors I’ve purchased have been from Costco and exclusive to Costco. Same with Samsung TVs. Unfortunately Samsung’s smart TV stuff is worthless, but the panels have been just fine. I abandoned HP’s trash products awhile back. I found that replacing my HP printers with Brother’s mid-range laser printers have been a fantastic upgrade for the price.
- eru 3y ago> People aren't picking Costco because Costco has the best printers, they're buying their printers at costco because they're already at Costco buying groceries and clothing. You could say that about every individual item Costco sells: people don't go specifically to Costco to buy socks. People don't go to Costco specifically to buy celery either. Etc. > Take out one regulation, while leaving another overlapping regulation, and the regulation still works? This is switching the conversation to which regulations are the most effective, rather than saying that regulations are irrelevant. Maybe. General regulations like 'no lying in ads' or 'contracts need to be honoured' are better than specific regulations like, 'bananas that bend more than 5cm are banned'.