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That isn't how pricing works. Your competitors would raise prices, not lower them. Either way there are only like 3 players in the "basics" market anyway so we
by Domenic_S 13y ago
That isn't how pricing works. Your competitors would raise prices, not lower them.
Either way there are only like 3 players in the "basics" market anyway so we're closer to a monopoly as it is.
- dragonwriter 13y ago> That isn't how pricing works. Its how pricing works in a competitive market where even a loose approximation of rationality applies. > Your competitors would raise prices, not lower them. "Lower" relative to yours (or compared to incumbents, in the case of new entrants.) > Either way there are only like 3 players in the "basics" market anyway so we're closer to a monopoly as it is. To the extent that the absence of a competitive market in basics is a problem, its a problem independently of basic income and needs to be addressed whether or not a basic income is adopted.