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The real problem here is lack of competition. Regulators slept at the wheel and now there's 3 corporations controlling 80% of the market. So they can get away w
by namaria 3y ago
The real problem here is lack of competition. Regulators slept at the wheel and now there's 3 corporations controlling 80% of the market. So they can get away with this kind of stuff. Legislating it away is a bandaid that will fall off as soon as a different administration neglects to enforce it.
- bsder 3y agoYup. Until some government gets serious and starts breaking up any company that gets more than 20% of any market slice, this will continue. At some point, there needs to be pressure to prevent relentless maximization of economy of scale.
- xnx 3y agoCompetition in my grocery store seems high. There are multiple options for almost every product category, including a store brand right there on the shelf next to each other with price (including per unit measure) plainly listed. I wish more product categories had the price transparency of grocery stores. I'm not a fan of this type of packaging trickery, but there's no reason we shouldn't expect that. The best defense is to be a smart shopper.
- rickydroll 3y agoYou don't have a choice even when it looks like you do. https://fifthperson.com/3-companies-own-us-soft-drink-market/ https://fifthperson.com/3-companies-own-us-soft-drink-market... https://www.forbes.com/sites/anaswanson/2014/09/10/meet-the-four-eyed-eight-tentacled-monopoly-that-is-making-your-glasses-so-expensive/?sh=1def548f6b66 https://www.forbes.com/sites/anaswanson/2014/09/10/meet-the-...
- plorkyeran 3y agoThe “multiple options” are frequently all owned by the same company, and the store brand is made by one of their subsidiaries too. The wide variety of brand names is there specifically to conceal how much the industry has consolidated.