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by hknecht 3124 days ago
>> “I’m all for capitalism. But predatory pricing to build market share isn’t capitalism. It’s simply anti-competitive and we must call it out. “

I have to disagree, creating a monopoly is part of the capitalistic process of creating profits in the long term and I would say it’s one of the aims of capitalism itself: when you compete do you want as many competitors as possible? It could be for some reasons but it certainly can be the opposite for more reasons as well.

While I do agree that this may have some negative consequences for customers, I can’t understand how they would legislate this:

If they keep with this strategy they either fail (or just crash very hard) for not having a scalable business or they prosper in some way, let’s say by increasing prices: if they prosper the only thing we could do is making sure that customers can access more convenient offers elsewhere.

That’s why I think having transparent and accessible information is truly enforcing meritocracy, while preventing monopolies is not

1 comments

> if they prosper the only thing we could do is making sure that customers can access more convenient offers elsewhere

Once they succeed, there isn't a viable "elsewhere" left.