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submitted 11 months ago by alexiascylding@lemmy.blahaj.zone to c/196@lemmy.blahaj.zone

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[-] MrJameGumb@lemmy.world 137 points 11 months ago

Isn't this the exact reason why we have antitrust and monopoly laws?

[-] ringwraithfish@startrek.website 65 points 11 months ago

Read up on Reagan and anti-trust. He essentially said that monopolies that resulted in lower prices were good for consumers and that the government would turn a blind eye to them. Hasn't been much change since then.

[-] KingThrillgore@lemmy.ml 16 points 11 months ago

monopolies that resulted in lower prices

IT DOESN'T WORK LIKE THAT DAYO~

When you own the market, you either:

Dictate the price as the sole provider
Are forced to set the price because of your natural monopoly status (as a utility for example; until you stuff the utilities commission or regulatory capture your way into even controlling that)
Have to break up to create competition, release patents, or otherwise be forced to allow competition which leads to a lower cost alternative

I hate the gipper. Fucking cunt, and he can't fucking act either.

[-] WhatAmLemmy@lemmy.world 14 points 11 months ago* (last edited 11 months ago)

He knew. All capitalists know. They don't care, because the goal of capitalism is to profit — therefore profit is the one and only true guiding virtue.