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submitted 1 year ago by o_o@programming.dev to c/asklemmy@lemmy.ml

Hi all,

I'm seeing a lot of hate for capitalism here, and I'm wondering why that is and what the rationale behind it is. I'm pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn't the right forum for a political/economic discussion-- I'm happy to take this somewhere else.

Cheers!

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[-] julianh@lemm.ee 12 points 1 year ago

You're forgetting economies of scale. Let's take phone plans. A few giant companies have infrastructure (cell towers) built across the country. Coverage is extremely important - a phone plan with coverage in a small area isn't anything anyone will want. How is a third party supposed to compete? They'd need enough money to set up nation-wide infrastructure, contracts with phone manufacturers to make sure phones are compatable, and they need to do all that before they even sell anything. Even if you try to compete, how do you make your prices competitive after spending that huge amount of money?

this post was submitted on 20 Jul 2023
449 points (75.9% liked)

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