• raldone01@lemmy.world
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      1 day ago

      Monopolies are good for the consumer as it makes purchasing decisions easier. Some tech markets such as the GPU one show how well a monopoly can work for shareholders.

      • BD89@lemmy.sdf.org
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        1 day ago

        Monopolies are good for the consumer?

        Respectfully, what the fuck are you talking about. That has never been true ever.

              • raldone01@lemmy.world
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                23 hours ago

                There is /s but I opted not to use it. Using it makes the sarcasm less “fun”/rewarding for me.

                I am quite surprised at the amount of people that think people exist that would praise a monopoly and celebrate shareholder value. Sadly people thinking that means that they have encountered people who hold such beliefs seriously. Which is quite sad.

                • Bronzebeard@lemmy.zip
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                  7 hours ago

                  It’s surprising that you are surprised that these people exist, when they’re very loud about how stupid they are.

                • Lucelu2@lemmy.zip
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                  10 hours ago

                  the problem is that those people actually exist and post. so it is hard to see the difference btw the monopoly/technocratic feudalists and the average sarcastic poster. being naive about that group is probably your first mistake. sorry for the heavy eyeroll and expression of disgust. Maybe find another way to have “fun?”

                • BlameTheAntifa@lemmy.world
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                  23 hours ago

                  I am quite surprised at the amount of people that think people exist that would praise a monopoly and celebrate shareholder value.

                  If you’ve never been to the US, don’t. Half the population unironically hold those beliefs as sacred.

                  • raldone01@lemmy.world
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                    23 hours ago

                    Okay celebrating shareholder value I get in an indoctrinated pure* capitalist society.

                    But praising a monopoly? Wasn’t that one of the main points capitalism should prevent?

                    The free market brings about competitors when they are needed.

                    Which does not hold true in reality due to various reasons and dynamics like entry cost…

                    Edit: These two are related as monopoly -> big shareholder value. Still the free market should prevent monopolies. Sooo Ahhh.

      • JohnEdwa@sopuli.xyz
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        1 day ago

        Yeah, wouldn’t it be amazing if for example Apple has the monopoly on the smartphone market, so your purchasing decision would be to buy an iPhone, or a slightly larger iPhone? And they would have no competition - which is the definition of a monopoly - so they could price them at whatever they wanted to, they could even make the American iPhone a reality, because let’s be real, it’s kinda hard to function without a phone these days so who cares if it costs $5k, you can just sell a kidney, right? You got two of 'em.

        Monopolies are such a great thing for consumers :)

        (Please don’t sell a kidney for an iPhone, it’s a really bad decision.)

        • Lucelu2@lemmy.zip
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          10 hours ago

          That is what the tariffs are for and Apple has promised to invest a shit ton of money into manufacturing those phones here… so they can raise the prices to the ceiling of the tariffs imposed on China, India, Thailand, Indonesia … etc. There are no other smart phones manufactured in the US so they will effectively… have a monopoly.

        • raldone01@lemmy.world
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          23 hours ago

          That story is really sad. To me it seems like a failing of the parents/education system to not teach the son who was 17 that selling a kidney is a bad idea.