this post was submitted on 21 Dec 2023
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submitted 11 months ago by alexiascylding@lemmy.blahaj.zone to c/196@lemmy.blahaj.zone
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[–] KingThrillgore@lemmy.ml 17 points 11 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.

[–] WhatAmLemmy@lemmy.world 14 points 11 months ago* (last edited 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.