4 ms·
You should look up the monopsony provisions of the Sherman Antitrust Act of 1890, as well as the Robinson-Patman Act of 1936 which prohibits predatory price dis
by sh34r 10mo ago
You should look up the monopsony provisions of the Sherman Antitrust Act of 1890, as well as the Robinson-Patman Act of 1936 which prohibits predatory price discrimination schemes. Scam Alt-Man should be paying the same price for RAM as us plebes, if the DOJ wasn’t derelict in its duty to enforce antitrust law.
It’s wild how Bork’s fraudulent legal theories have been converted to into dogma within a generation.
- WorkerBee28474 10mo agomo·nop·so·ny /məˈnäpsənē/ a market situation in which there is only one buyer. It seems like the issue we're having is that we are buyers who are competing against OpenAI, who is another buyer. There isn't only 1 buyer or 1 seller of RAM.
- sh34r 10mo agoLike monopolies, monopsony power exists on a spectrum. For example, Walmart exercises extreme monopsony power over suppliers, despite not being the only retailer in town.