LMAO ok

Not in any meaningful way

but yet they did and banks had to catch up

To truly disrupt them you'd have to use government

and at quite a hefty profit and offered a good competitive advantage

And create a single public central bank

With 80% min cash reserve

lmao

look your point was that no one could disrupt or enter the arena with a multi billion dollar competitor. I provided you examples that it's possible. I don't know what else do you need to have your eyes opened.

All public utilities should be nationalized

Banking is not as expensive to enter

Retard

I've also shown you examples of a telecommunications company entering the field lmao

Smaller providers are always forced out of business or bought

Your argument in correlation with banking was that you can't compete with a multi billion company due to banks taking all adspace which as shown by the examples does not hold any water to it.

A local provider near me was giving rather good deals near me a few years back

Much cheaper than tmobile or any other

I did not say the argument with adspace

As it was already stated a smaller provider has a complete ability to either sell or not to sell. It is completely on their conciousness

Illiterate fuck

Not if it's a public company

A larger business can just buy 51% of voting stock

the argument stated that if you start competing with a multi billion company you will not be able to advertise against them because of their budget

Well the issue with that is that you can just hold onto that 51%. If needed you can even issue more stock which will mean that their stake will lose. There are plenty of ways to war off the so called Corporate Raiders who try to buy out companies this way.

It's not the 80s anymore that it is some kind of significant issue.

also i don't get what your argument with your local provider was supposed to mean.

Did it get closed down? Or did it raise their prices?

Your argumentation strikes me as incoherent anon

"bro no you will be made to sell your company straight away for 30 billion $ 😔"

They got forced out of business

All the providers in the local area here lowered their prices with "special deals" and paying off contracts

Local went out of business

Deals ended

Prices when up

A free market has never worked in human history ever

Because it cannot work

First of all the people chose to take the special deal without taking into account that it is possible to change. Secondly the company was doing pretty shit if it took a few months to get forced out of business because their offering is to hold their price on the line of barely making a profit. Thirdly if it was a cartel agreement both the people as well as the company had forgone its ability to issue a lawsuit against the other providers.

bruh

im go read plato

Wanna be intellectual - "they chose to take the special deal" yes and no. Marketing is fucking with human psychology, it is involuntarily voluntary.

The local company could not afford to run unprofitability long enough to retain it's customers against the conglomerate's "deals"