• JohnDClay@sh.itjust.works
    16·
    6 months ago

    Why compete for customers? They could form a monopoly to make sure you need to pay their prices, or just threaten you into only buying their products. Unregulated markets eventually stop being markets.

    • SatansMaggotyCumFart@lemmy.world
      2·
      6 months ago

      There wouldn’t be barriers to new companies opening up to compete as there are now.

      The current system we use encourages monopolies through the regulations.

      Want proof? Look at the monopolies.

      • JohnDClay@sh.itjust.works
        15·
        6 months ago

        There would be the monopolies with private armies and more money than God to shut down new competition. They can lower prices for years to run at a loss locally to run the newcomer out of money, or just do a hostile takeover.

          • JohnDClay@sh.itjust.works
            10·
            6 months ago

            I’m all for clearing roadblocks for startups and small businesses. Why can’t you do that wile still making sure markets stay markets not monopolys?

              • JohnDClay@sh.itjust.works
                10·
                6 months ago

                Yeah, so make it easier for competition. And give antitrust actual teeth. There’s massive money flowing into the government and campaigns to turn it into the type of no regulations government you’re proposing. So we need to fight really hard to actually enforce those regulations so monopolys don’t form.

                  • JohnDClay@sh.itjust.works
                    12·
                    6 months ago

                    We’re pulling the teeth out of the important ones. Mondern tech monopolies would never have stood in the 50s.

                  • JohnDClay@sh.itjust.works
                    3·
                    6 months ago

                    Yes regulations for smaller companies have been added. And big companies love that. Eli Lilly wants as many tests required as possible even though it costs them money, because they’re better able to afford it than their potential competition.