this post was submitted on 20 Dec 2023
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[–] [email protected] 5 points 9 months ago (1 children)

It is one of the consequences of monopolies, but monopolies are a consequence of economic competition.

The "winner" gets the losers stuff and customers (mergers for example), making the winner bigger and more able to manipulate the market to their benefit.

When there are few enough companies profits can be chased without consideration for anything else (planned obsolescence, shipping jobs outside the country, lay-offs, etc.)

So, like you said except in a for profit market, monopolies are inevitable.

[–] [email protected] 3 points 9 months ago

In the absence of regulation, absolutely. If we had more stringent anti trust legislation though it might be possible to avoid.