5 ms·
True, they might need that farm equipment so in the short term they are at the mercy of the status quo. But there's still nothing to stop a group within the ma
by grannyg00se 14y ago
True, they might need that farm equipment so in the short term they are at the mercy of the status quo. But there's still nothing to stop a group within the market from competing on new terms. Also, if the gap between what is desired and what is provided is significant, then a newcomer to the market would have a field day leveraging that gap. Finally, the consumers are also free to change their own business model so they no longer require that equipment to remain competitive. The supplier would find its market diminishing and look to get it back.
- nitrogen 14y agoThere's still the inertia of a massive status quo. It takes time to ramp up new distribution channels, supply chains, etc. It also takes time to convince customers to change suppliers, it takes time to design competing equipment, etc. The time taken is even longer if the gap in profitability between what is and what ought to be is relatively small from the perspective of a potential disrupter. I could maybe accept that markets might tend to create equitable outcomes over very long terms, but most people don't live on very long terms; they live day to day, and if today sucks, today they complain.
- grannyg00se 14y agoAgreed, it could take time. And with a small gap it may never happen, but that just means the pain point isn't all that painful. Otherwise the gap would be larger. I guess it depends how eager you are to have government get involved and attempt to make things right. I generally have little faith in government meddling resulting in a net positive.
- nitrogen 14y agothat just means the pain point isn't all that painful. This is, unfortunately, another fallacy of the market. In real life, the ones with the most pain are often the ones with the least ability, financial or otherwise, to alleviate it.