4 ms·

More competition is rarely a bad thing

• scubbo 3y ago
  Rarely, indeed! But when a competitor is a behemoth who is able to eat losses until they drive competitors out of business (and has a track record of doing so) so that competition (and customer experience quality) declines in the long run, that's the rare-but-true case of "a new competitor entering the market is bad, actually".
  • milesvp 3y ago
    Yeah, seriously. More competition, and monopsony do not dwell in the same space. We’ve been very lax in our reigning in of big companies that destroy competition while claiming they’re competitive. It’s like bringing a gun to a track meet and saying you won the race while one racer lies bleeding on the ground and every other racer has suspiciously slow times.