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submitted 10 months ago by fne8w2ah@lemmy.world to c/technology@lemmy.world
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[-] themurphy@lemmy.world 344 points 10 months ago

Samsung has decreased its output by 50% since September, though the market has already seen price bumps due to inventory being cleared out.

So they artificially create a shortage to hike up the prices. Nice.

[-] Retiring@lemmy.ml 112 points 10 months ago

That’s capitalism for you 😉

[-] themurphy@lemmy.world 30 points 10 months ago
[-] WhatAmLemmy@lemmy.world 71 points 10 months ago* (last edited 10 months ago)

Yes, capitalism will always choose the most efficient path to acquiring capital, which is evidently acquisition + mergers until they can artificially limit supply, then exploit and extort society wholesale; regardless of the consequences.

Yep… Doesn’t matter if the answer is war, famine, mass incarceration, crippling debt, homelessness, mental illness, pollution, climate change, ecocide, or genocide — capitalists will always find the most efficient path to the acquisition of capital.

[-] Croquette@sh.itjust.works 35 points 10 months ago

Monopolies are the natural, direct result of unbrindled capitalism. So yeah, capitalism at work.

[-] Aceticon@lemmy.world 9 points 10 months ago* (last edited 10 months ago)

The only higher Return On Investment than creating yourself or finding and securinb a monopoly position and squeezing costumers is, maybe, buying politicians and having laws written to favour you, so naturally people guided only by the personal upside maximization idology will engage in both if they think they can get away withnit (or the penalties if caught are less than the profits).

It is absolutelly natural in Capitalism for companies to seek and even create monopoly positions and then squeeze customers, and to corrupt those who make the laws and regulations as well as those who enforce them, and often these things are combined: notice for example how the artifical monopoly which is Copyright has been repeatedly extended in duration to well beyond the point were there is an upside for Society, and now none of us will ever see the works created during our lifetime become Public Works.

[-] doppelgangmember@lemmy.world 5 points 10 months ago

Never, not in our free markets!

At least a duopoly for the illusion of competition

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this post was submitted on 01 Jan 2024
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