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by savanaly
1255 days ago
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>This is all about serving the lowest possible quality for the highest possible price, nothing about that has to do with "preferences". Competition leads to the opposite, and I don't see any tangible argument for why it would be otherwise in this case. Like with the cranks you run into online who claim they've discovered flaws in the paradigms of physics, it's the burden of the internet commenter to provide evidence alongside their claim, in my view. |
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What we have is not a spherical market cow in a vacuum; it is a real live market with all kinds of non-ideal aspects to it. The biggest one of those is the gradual transfer of wealth from the poorest among us to the richest over the past several decades. This means that the poorest X% of consumers are vastly more price-sensitive than they would be if the productivity-to-wage ratio had remained the same since the mid-'70s.