|
|
|
|
|
by ocdtrekkie
1831 days ago
|
|
The problem with the "consumer welfare" standard is that it traditionally only considers a single variable: Cost. But consumer welfare can and should extend beyond that. But if you try to get customer service from many of these monopolies, you'll see plenty of consumers falling through the cracks. Google abuses people's privacy, eliminates competitors, kills off services people rely on, provides literally no customer service... but because their core services are "free", the consumer welfare standard is often considered inadequate to deal with an absolutely reprehensible and societally harmful company. And what's really crazy is: Competition tends to force companies to compete on treating consumers well. Protecting competing businesses protects consumer welfare pretty darn well, and it provides room for innovation which stagnates when a single company dominates a field. |
|
That's true of many non-monopolies too. And Amazon is widely known to have pretty good service. Conversely, no cellular company has ever had a monopoly in the US but a number of them are famed for poor customer service.