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Competition is meaningful. If you weren't there putting on the pressure, we'd have a bunch of fat lazy companies with expensive, crappy products.
by danielmarkbruce 3y ago
Competition is meaningful. If you weren't there putting on the pressure, we'd have a bunch of fat lazy companies with expensive, crappy products.
- malcolmgreaves 3y agoCompetition isn’t sufficient: there already are fat, lazy companies with expensive, crappy products today. Multiple players in an arena don’t necessarily lead to a better product emerging either. It can, for instance, create an oversaturated market that leads to unsustainable prices or costs and no one wins.
- robertlagrant 3y agoIt's the best mechanism on average. It doesn't work where e.g. it's too difficult to create a competitor.
- pixl97 3y agoSo you're now going to create some group that regulates how much competition can exist?
- MightyBuzzard 3y ago[dead]
- JohnFen 3y ago> we'd have a bunch of fat lazy companies with expensive, crappy products. But we do have a bunch of fat lazy companies with expensive, crappy products.
- danielmarkbruce 3y agoNot as many as we would without competition. An enormous amount of US industry is very competitive. Think of cars, clothes, electronics, agriculture, energy and so on.