• ringwraithfish@startrek.website
      link
      fedilink
      arrow-up
      66
      ·
      11 months ago

      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.

      • kingthrillgore@lemmy.ml
        link
        fedilink
        arrow-up
        17
        ·
        11 months ago

        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.

        • WhatAmLemmy@lemmy.world
          link
          fedilink
          arrow-up
          14
          ·
          edit-2
          11 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.

    • SlopppyEngineer
      link
      fedilink
      arrow-up
      1
      ·
      11 months ago

      But they’re not enforced because the bigger the corporation the bigger the party financing.