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US Politics 12w
The issue we have with monopolies is not merely price gouging. It’s environmental damage, lower wages, monopolies get to set the regulation, lower R&D, suppressing alternatives, unfair terms to suppliers, etc. Think X and WaPo and other bought news
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Anonymous 12w

Monopolies are a good thing. A big Walmart is that carry exactly what I need is better than 10 small shops that have nothing

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Anonymous replying to -> #1 12w
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Anonymous replying to -> #1 12w

No competition means they can raise prices. This is basic economics.

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Anonymous replying to -> OP 12w

What is this

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Anonymous replying to -> #1 12w

You’re an opp

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Anonymous replying to -> #2 12w

They haven’t raised prices tho. Infact prices at monopolies are usually a lot cheaper

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Anonymous replying to -> #1 12w

Antitrust regulation often merely focuses on prices whereas there’s all the other issues I mentioned And of course, there’s the opportunity cost, who knows how much better things would be if monopolies didnt undercut / predatory price viable alternatives

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Anonymous replying to -> #1 12w

Back in the day, people thought predatory pricing was impossible, Since whenever a monopoly would increase prices again, another alternative would just come up. Obviously that aged like warm milk in the sun…

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Anonymous replying to -> OP 12w

Yep, now we have so many god damn restrictions on the market that fair competition is rare in every industry.

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