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Cartel-as-a-service So if monopolies and price signaling drives prices up, what can be used from the consumer's side to drive them down? Price comparison would
by seydor 3y ago
Cartel-as-a-service
So if monopolies and price signaling drives prices up, what can be used from the consumer's side to drive them down? Price comparison would work, but inevitably those engines will discover their own power to fix prices. What is better
- waveBidder 3y ago… government intervention, same as 100 years ago…
- seydor 3y agothat s questionable if it will work. maybe there s a more sustainable solution
- ludston 3y agoYou mean like some kind of organisation designed to regulate the behaviours of businesses and individuals over the long term such that the general population isn't exploited or abused by the few, and tragedy of the commons style problems can be avoided?
- seydor 3y agoor some market participants that hedges between the two
- nabla9 3y agoSeparate marketplace and merchant using regulation. Separate Amazon the platform/marketplace from Amazon the merchant. Two different companies. Imagine a duopoly where NYSE and Nasdaq Inc. operate the marketplace and are the only stockbroker in their marketplace. That's what Amazon is for stuff they sell.
- seydor 3y agogoogle is the same for ads
- nabla9 3y agoYes it is.
- hsbauauvhabzb 3y agoWhat’s to stop a split business operating on a nod and a wink?
- BlueTemplar 3y agoCompetition ?
- hsbauauvhabzb 3y agoI’m not sure you understand how running a business at a loss works.
- BlueTemplar 3y agoYou mean something that is illegal to do ?
- hsbauauvhabzb 3y agoI’m not sure that it’s illegal to run a business at a loss?
- BlueTemplar 3y agoThat might depend on the jurisdiction ? See the recent news about France allowing exceptionally to sell vehicle fuel at a loss.
- 3y ago
- red_trumpet 3y ago> but inevitably those engines will discover their own power to fix prices. Let the government run the comparison platform, and make it mandatory for shops to report their prices daily? The goal of such a platform should not be to make money, but to make the market more efficient.
- polygamous_bat 3y ago> The goal of such a platform should not be to make money, but to make the market more efficient. This. Proponents of fully free markets often conveniently ignore that it’s almost always cheaper to sell products of unethical means, absent outside intervention. It’s always cheaper for nestle to sell slavery-produced chocolate than not, and nothing in free market capitalism can effectively address questions of ethics.