4 ms·
Despite constant moaning about the US not engaging in monopoly-busting anymore, that doesn't actually seem to be a problem in practice. In reality, comparative
by wyager 2y ago
Despite constant moaning about the US not engaging in monopoly-busting anymore, that doesn't actually seem to be a problem in practice.
In reality, comparative advantage and specialization dynamics do not uniformly equilibrate on monopoly markets.
- unethical_ban 2y agoThe content of the article shows that it is still a problem. You think that landlords and food suppliers colluding to raise prices to just below the breaking point is not a problem?
- wyager 2y agoIt's not a "breaking point", it's the market rate. There's no landlord cartel; anyone can easily defect and lower their own prices. The entire food production and provision supply chain has razor-thin margins. If you're hyperfocusing on that industry, it's a sign that your heuristics are pointing you at the wrong things.
- unethical_ban 2y agoCartel price fixing is not "market rate" by any honest definition.
- emn13 2y agoOutright monopolistic pricing is also "the market rate". Frankly, virtually any price somebody is willing to pay is almost by definition "the market rate". It's a meaningless defense for an artificially high price.