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It sounds as though you think the best way to impact more lives is to use predatory pricing to drive the competition out of business in order to establish a mon
by gress 13y ago
It sounds as though you think the best way to impact more lives is to use predatory pricing to drive the competition out of business in order to establish a monopoly.
It's logically true that this might work as a strategy, but it's rather depressing.
- webwright 13y agoWalmart certainly takes it to predatory levels. I only used them as an example of what can happen to businesses that focus on "sustainable profit" above all else. I'm not sure the strategy of "earn zero-to-no profit to gain market share and scare away potential competitors" is inherently evil or predatory (though it certainly can be).
- gress 13y agoI think that the reason why it's problematic is that it is focused on reducing diversity of competition, which reduces the number of ideas that get developed and tested in the marketplace and retards progress.