Message from @Ranko
Discord ID: 540327850297917460
i want an american slave, not that cheap bootleg stuff
isn't it that if it controls more than 80% of the market its a monopoly?
when there is no other valid choice you have a monopoly
Yes, that is a good observation.
When there are dynamics that keep new companies out of a market, it's usually due to regulations, not for lack of them.
@EndangeredProdigy barely, they don't pay them a fraction of a liveable wage and make them have 8 or 10 room mates in a 2 bedroom subsidized apartment
and when there is a monopoly the free market balance is broken the company can do whatever they want
and since it will not affect their sales
There have been a lot of monopoly laws and anti-trust laws that were completely unnecessary.
since there is no other choice
you broke the free market self-regulation
As soon as one company would break the agreement to charge lower prices, it would dissolve.
the moment when you have sole control of the market, and can influence it without opposition
then you have a monopoly
there can only be a free market in areas where the bar to enter the competition is low enough
@Strufa and you cant ever have a monopoly when it comes to the internet. Not without draconian regulations
Those are very unstable constructs.
@Ranko so hire from a prison, they can legally be slaves sold to you
Honestly, how I feel the ISP problem can be fixed, is that they should break them up, and they're only allowed to own lines in a single state.
That is not necessarily true.
misomania slaves from prison arent as biddable as other kinds
@Strufa cause you can run stuff in a decentralised fashion, thus there is nobody to hold accountable.
since they can be harden criminals
If you raise prices beyond a certain level you can expect a fall in demand.
And it will also make it easier for competition to enter the market.
@Achlys some companies can and do hire slaves from prisons... the old license plate meme
depends the necessity of the product
that doesnt change the fact that a very big company can have a virtual monopoly
So Centurylink for example can only run shit in Louisiana. And all the other state monopolies they have will have to goto other owners/companies.
if they are so big no one will actually pay for a new rising competition
since they suck
People must be tired of me quoting Thomas Sowell at this point, but read Basic Economics.
@Strufa you just shouldnt deal with american tech companies to begin with
fun fact
TYT has a monopoly on being better than you, MUCH better than you
ppl dont vote with their wallet
TYT?
He cites several notable examples where he has shown that companies everyone thought of us monopolies were quickly displaced.
the young turks
they should @Achlys
Seriously?