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[-] ringwraithfish@startrek.website 66 points 10 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 17 points 10 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 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.

[-] rottingleaf@lemmy.zip 1 points 10 months ago

That happens when you elect an actor as a president.

this post was submitted on 21 Dec 2023
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