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by cryptonector
1009 days ago
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This problem always resolves itself naturally. Competitors arise. Disruptive innovators arise. It's a great problem to have precisely because it leads to innovation. Everyone salivates at a cut of what the 800lb gorilla is taking, and the gorilla grows slow as it grows large, and it sits on its laurels extracting rent (vendor lock-in), and then the gorilla gets out-innovated. |
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What if there is no profit? What if I operate at 100% loss, year after year, propped up by the subsidy of a fiat currency, to provide something everyone needs, and don't think the goods and services which sustain life should come at any cost? I am overwhelmingly popular. Nobody is going to seriously compete with me, although they're free to try. Nobody is forced to work for me. Whose freedom have I limited? Doesn't this sound like a lot of things we take for granted every day which are centrally planned?