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And this is why we can't have nice, cheap things. Instead we usually get that "cost" pressure solved by giving it on a silver platter to worker-rights-leading C
by zo1 2y ago
And this is why we can't have nice, cheap things. Instead we usually get that "cost" pressure solved by giving it on a silver platter to worker-rights-leading China.
There has to be a better way to prevent abuses in the market without crippling it. But following from that, at what point did we assume this kind of (monopolistic) abuse would happen automatically anyways? I haven't seen it yet, so let's maybe hold off till it happens?
Maybe one day X will host all sorts of government-unapproved content on satellites that are free from US jurisdiction and control? @Elon, do this now, they'll come for you eventually.
- s1artibartfast 2y agoit is a fascinating outcome when a vertically integrated monopoly is the cheapest option, and best consumer value. The challenge is figuring out if the firm is really providing the best value, or just a local minimum.
- modeless 2y agoMy understanding is Standard Oil provided good service for low prices in most cases. It's not always the case that monopolies provide super expensive or bad service.
- MichaelZuo 2y agoYes, hence why it lasted for over a decade even with >>50% of the market in many jurisdictions.
- DanielHB 2y ago> vertically integrated monopoly is the cheapest option I would like to remind you that you can use google, gmail, google maps, google drive and a bunch of other services for free (and the best consumer value even if accounting for their data gathering).