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this post was submitted on 20 Dec 2023
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It's unfortunately not happy days and rainbows in "competition land" either though. It usually just leads to a race to the bottom in the pursuit of infinite profit growth, forcing them to lower quality in a never ending downwards spiral, leaving the customer with shit on all sides.
Pretty sure early Netflix was competing with outright piracy, so they had to keep their prices down and their service convenient. Actually that is probably the best state for a digital market to be in, where there is a vibrant piracy community keeping companies honest with both their prices and services. ~~~~Because fuck the law when all it does is fuck me.~~~~
Not true. It can also end in a cartel.
At least those are illegal (although perhaps not enforced well enough)