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You do not need differentiation for competition. It’s called perfect competition and it’s a race to the bottom for price, which is the ideal outcome here.
by jncfhnb 2y ago
You do not need differentiation for competition. It’s called perfect competition and it’s a race to the bottom for price, which is the ideal outcome here.
- lxgr 2y agoExactly. Remember when mobile carriers were competing via "differentiation"? Practically, that meant waiting on firmware updates for months or years, having to deal with preloaded and non-removable crapware on mobile OSes etc. Now they're largely "dumb pipes" competing on price and quality of service, and as a consumer I couldn't be happier. (Of course, there are now different gatekeepers on our phones, but that's a different discussion.)