It is good, if the competing products/services are interchangeable and they need to compete on factors such as price, convenience, or reliability. For example, competing grocery stores, all of which offer by and large the same products. Or competing mechanics, all of which can perform service on your car.
Streaming services don’t do this. They have carved up the market and “compete” by making you choose which products you want more.
Imagine two grocery stores, one of which had all the ice cream, and the other had all the chocolate, and neither could carry things that the other stocked. That is what streaming services are doing.
Competition on price sounds nice because it prevents excessive prices, but it’s also a root cause of poverty and environmental abuse. Cooperating is much better.
Ehh…it’s entirely dependent on the product. Music streaming services are actually all comparable to one another and have not suffered the same fragmentation that the TV and movie streaming services have. With music streaming services, you literally just pick whichever works for you and you can get nearly all the same content. It just doesn’t work the same for every market I guess.
It sucks when competition spoils a market
The whole idea that competition is good is a total libertarian lie. Cooperation leads to the best results. It’s just impossible under capitalism.
It is good, if the competing products/services are interchangeable and they need to compete on factors such as price, convenience, or reliability. For example, competing grocery stores, all of which offer by and large the same products. Or competing mechanics, all of which can perform service on your car.
Streaming services don’t do this. They have carved up the market and “compete” by making you choose which products you want more.
Imagine two grocery stores, one of which had all the ice cream, and the other had all the chocolate, and neither could carry things that the other stocked. That is what streaming services are doing.
Competition on price sounds nice because it prevents excessive prices, but it’s also a root cause of poverty and environmental abuse. Cooperating is much better.
Thank you for giving the much warranted economics lesson.
Ehh…it’s entirely dependent on the product. Music streaming services are actually all comparable to one another and have not suffered the same fragmentation that the TV and movie streaming services have. With music streaming services, you literally just pick whichever works for you and you can get nearly all the same content. It just doesn’t work the same for every market I guess.
i can’t describe you how much joy your comment gave me. an (at least) anti-capitalism comment in a completely random post. i love it.
thanks for making my day
arrrrrgh 🏴☠️
Cheers, matey 😉