this post was submitted on 20 Dec 2023
78 points (75.3% liked)
Technology
59402 readers
2735 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's unfortunately not happy days and rainbows in "competition land" either though. It usually just leads to a race to the bottom in the pursuit of infinite profit growth, forcing them to lower quality in a never ending downwards spiral, leaving the customer with shit on all sides.
Pretty sure early Netflix was competing with outright piracy, so they had to keep their prices down and their service convenient. Actually that is probably the best state for a digital market to be in, where there is a vibrant piracy community keeping companies honest with both their prices and services. ~~~~Because fuck the law when all it does is fuck me.~~~~
Not true. It can also end in a cartel.
At least those are illegal (although perhaps not enforced well enough)