There's a pretty strong normative argument for regulating ISPs like other utilities, isn't there? And people do in fact complain all the time about the injustice of their cable bills; they're just helpless to do anything about it.
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Replying to @cablecarcapital
sorry you missed my point, i meant if you dont like consumer facing demand aggregators being able to establish quasi monopolies than you need to end the internet because that's the way it is
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Replying to @modestproposal1
I didn’t miss it...I just don’t see the logic of why the ease of aggregating demand on the internet grants businesses unquestionable pricing power? Given that the internet tends toward monopolies doesn’t that validate the concerns of the dispersed customer/suppliers?
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Replying to @cablecarcapital
Sure if we start with Google and work our way down, it's an interesting conversation to have. But its a total rethink of the entire digital world, which you may be in favor of. Under current constructs, food delivery apps are no more nefarious than any other consumer marketplace.
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Replying to @modestproposal1 @cablecarcapital
You didn't have to buy oil from Standard Oil either. You could simply drive a truck to Western Pennsylvania, pay a landowner to dig your own hole, fill the truck, and drive back. Easy!
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Molson Hart Retweeted modest proposal
I don't know enough about the restaurant delivery business to have a strong opinion but I do know enough about e-commerce to know this is wrong. "Acquiring other customers like any other business" means paying ransom prices to Facebook, Google, etc.https://twitter.com/modestproposal1/status/1257317553661022211 …
Molson Hart added,
modest proposal @modestproposal1No restaurant is at the mercy of delivery apps. If the fees charged are too high, they can hire their own delivery people, have a website/app that accepts orders, and acquire customers online like any other business. It's the restaurants choice to participate.Show this thread1 reply 1 retweet 3 likes -
It's interesting. If an e-commerce company wants to acquire customers they need to pay: 1. Facebook 2. Google 3. Amazon (4. Or now Walmart) Pick your poison. This feels unfair, but is it? If you want to ship a package you need to pay: A. FedEx B. UPS C. USPS (D. Or now Amazon)
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I'm not totally sure why but 1234 definitely feels less competitive than ABCD. Some reasons why: 1. USPS doesn't squeeze its customer 2. For a heavy cross country package I have 2 options. For a midweight package I have 3. I for a lightweight I have 1 but USPS doesn't gouge.
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Whereas if I want to acquire new customers for my e-commerce website, for a single customer there oftentimes are not multiple options. If I want to get my product in front of an 8 year old I have only Youtube to do that with. Well-off moms, Amazon and maybe Instagram, maybe.
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Teenage girls? Instagram, maybe youtube for some products/niches. For a lot of these demos there aren't multiple competitive points of entry. The fact that so much VC money has poured into e-commerce disguises that. These companies look more successful/profitable than they are.
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Another way to know whether or not these companies are anticompetitive is their profits and margins. They're ridiculously high. Unlike UPS and FedEx's. Not saying that we should be breaking up these companies but saying they don't squeeze restos and e-com is crazy talk.
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