5 ms·
america has a monopoly problem
by connor11528 2mo ago
america has a monopoly problem
- black_13 2mo ago[dead]
- dabbz 2mo agoTrue, we have way too many thematic versions of Monopoly. I'm still missing so many copies.
- dhosek 2mo ago[dead]
- artisinal 2mo agoIn many European countries, the largest restaurant chain is American. Not great.
- bluGill 2mo agoYou seem to be assuming chains are good. I prefer the one location restaurant myself, but by definition they will never be the largest chain.
- cbg0 2mo agoMcDonald's might be the largest restaurant chain in Italy but that doesn't really mean much given how many small restaurants the country has with high quality food.
- artisinal 2mo agoAlso due to food standards a random McDonalds in a random village in Italy will have significantly better food than most restaurants in the US. The Italian McDonalds will use locally sourced fresh produce straight from the farm, cooked by high-end chefs to create a very good tasting meal that is super healthy and good for you. There is a reason those Italians live so long. Their McDonalds is better than others. It is literally illegal to sell McDonalds foods the way Americans make it.
- vjvjvjvjghv 2mo ago“ cooked by high-end chefs” They aren’t high end chefs. They are normal workers that aren’t squeezed by their company to produce food in the cheapest way
- artisinal 2mo agoAll chefs at McDonalds Italy are highly trained skilled professionals with a passion to provide everyone in their country with healthy meals.
- rootusrootus 2mo ago> It is literally illegal to sell McDonalds foods the way Americans make it. You should see what they do in the UK. Looks tasty, but healthy it certainly is not.
- rootusrootus 2mo agoIndeed if we could solve one thing with our gov't, I'd want it to be antitrust enforcement. For an ostensibly free market society we seem awfully willing to accept it being anything but.
- kibwen 2mo agoFree markets tend to produce monopolies. You know how economies of scale are a thing? That's another way of saying that small companies lose to large companies at scale. "Disruption" or "agility" is the only thing that small companies have going for them, but once the monopolist gets large enough they can just buy up any upstarts and keep the market all to themselves forever. This is why you require governments to periodically shake the snowglobe and restore markets to competitiveness... until the monopolist gets big enough that they just buy the government, anyway.
- pphysch 2mo agoExactly. If you ask anyone on the street, "is it easier for a fast food worker or a business-owning millionaire to make their next million dollars?", common sense will prevail. Money begets money (and power). It doesn't require an economics degree to understand this positive feedback loop.
- fragmede 2mo agoWouldn't that be more of a negative feedback loop? My signals and systems class was a long time ago, but a system that throttles to extremes is negative, not positive feedback.
- pphysch 2mo agoNope, negative feedback is dampening and stabilizing. Antitrust enforcement represents a healthy negative feedback for the natural runaway concentration of wealth and power.
- Straw 2mo ago
- arthurjj 2mo agoThe article says 80% of the lawsuits were in Mexico and ~3% were in America.
- IncreasePosts 2mo agoI think chess and scrabble are more popular here
- xXSLAYERXx 2mo agoI believe this is the second best time to start a business in America. The first was colonial times.
- stronglikedan 2mo agoit's an extension of our crony capitalism problem, where the free market is just an illusion