hi I'm a machinist and I expect my government to regulate out of control markets that are hurting people, even if it makes rich people slightly less rich
My gut is it's easy to miss this about markets: your main opponent is not your counterparty, often, but people who are competing with you for business I work at a big company. We think about two main things: how to make better stuff for consumers, and how to beat our competitors
-
-
This is less true in less-competitive markets, and there are definitely companies that spend a lot of time shivving consumers. My old boss at the Federal Reserve called (eg) credit card companies "obfuscopolies," for instance. It's dark stuff. And . . .
-
by and large companies can only get away with that shit if they're not at risk of losing their customers to competitors. This happens with monopolies, and it happens when there are only a few companies that can collude. This definitely happens too, and in real estate to an extent
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.