> if they're wrong, they will be "punished" by market forces
we live in age of monopoly, market forces no longer punish. in 1990's there were twice as many companies registered on the stock exchange as today
we live in age of monopoly, market forces no longer punish. in 1990's there were twice as many companies registered on the stock exchange as today
I have to fly Delta home. They cancelled my connecting flight, moved it to a day later and say "sorry, you can sleep at JFK!" The next time I fly, I've got 1/3 odds Delta will be the only one flying where I need to go.
Rinse and repeat for online merchants. This will have ZERO effect on Amazon's ability to function because employees have ZERO clout in management meetings.
Many Libertarians make a point of stating it in discussion as some kind of flex even. I have no idea why, as it is basically a declaration of one's own economic ignorance, but there you have it.