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by dventimi
902 days ago
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>>> There are countless things anyone can copy or do for free already right now, that countless people pay a company for, for no reason at all. >> Name one. > 3% tax on every transaction in your entire life going to Visa by using a debit card instead of cash. There's a reason for that: Visa and MasterCard have monopoly power obtained via anti-competitive practices which were enabled by contract law. Visa and MasterCard prohibited member banks from issuing their own cards. Discover and American Express among others sued Visa and MasterCard for this about 15 years ago. > the government does not enforce that you need to pay Burberry to get a bag exactly like it in both quality and aesthetic The government does enforce that. A potential Burberry competitor cannot sell a bag "exactly like" Burberry's because to do that it would have to have the Burberry logo, which is a trademark protected by federal law. |
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What do the customers get? They get nothing more than the social status of other people seeing them have it. That value is something that doesn't exist except that Burberry created it out of thin air. The tools that Burberry uses to to produce those sales are not the government protection of the exclusive right to sell a bag of a certain style, it's the knowledge of human nature, in this case, status displays.