196

16450 readers

1823 users here now

Be sure to follow the rule before you head out.

Rule: You must post before you leave.

^other^ ^rules^

founded 1 year ago

MODERATORS

[email protected]

713

Merger Rule (i.imgur.com)

submitted 10 months ago by [email protected] to c/[email protected]

92 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 66 points 10 months ago (2 children)

Read up on Reagan and anti-trust. He essentially said that monopolies that resulted in lower prices were good for consumers and that the government would turn a blind eye to them. Hasn't been much change since then.

[–] [email protected] 17 points 10 months ago (1 children)

monopolies that resulted in lower prices

IT DOESN'T WORK LIKE THAT DAYO~

When you own the market, you either:

Dictate the price as the sole provider
Are forced to set the price because of your natural monopoly status (as a utility for example; until you stuff the utilities commission or regulatory capture your way into even controlling that)
Have to break up to create competition, release patents, or otherwise be forced to allow competition which leads to a lower cost alternative

I hate the gipper. Fucking cunt, and he can't fucking act either.

[–] [email protected] 14 points 10 months ago* (last edited 10 months ago)

He knew. All capitalists know. They don't care, because the goal of capitalism is to profit — therefore profit is the one and only true guiding virtue.

[–] [email protected] 1 points 10 months ago

That happens when you elect an actor as a president.