Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by missedthecue on Tuesday July 21, 2020 @08:11PM
(#23912397)
How? How can a billionaire prevent competition without siccing the government on them through tariffs, regulatory hurdles, licenses, etc...
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Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by LightBearer on Tuesday July 21, 2020 @08:22PM
(#23912494)
Artifically low prices, endless and expensive litigation (unless you count that as government siccing), corporate espionage, bribery, acquisition, extortion, etc.
Is it really that hard to think of what you could do with a coporate money and know government intervention?
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by missedthecue on Tuesday July 21, 2020 @08:57PM
(#23912775)
If your answer the question of how being a billionaire leads to monopoly is 'crime', I'll have you know that that can be done independent of billionaire status.
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by _emacsomancer_ on Tuesday July 21, 2020 @08:32PM
(#23912571)
A billion ways.
Here's just one: run at a loss until your competition is driven out of business. Then raise prices once you're a monopoly again. (This isn't a hypothetical either, but a standard practice.)
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by missedthecue on Tuesday July 21, 2020 @08:52PM
(#23912733)
This doesn't work. You can cut prices and lose money until the upstart firms go out of business, but you cannot raise them afterwards or guess what will happen?
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by function_seven on Tuesday July 21, 2020 @09:12PM
(#23912888)
Potential upstarts can't get funding to start their business, because investors know you'll just bully them back out of the market.
Unless they find another billionaire with pockets as deep as yours, and a willingness to wage a price war for years.
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by _emacsomancer_ on Tuesday July 21, 2020 @11:53PM
(#23913768)
You'll become Walmart?
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by missedthecue on Wednesday July 22, 2020 @09:17AM
(#23916624)
Walmart has low prices on everything. If they are charging monopoly prices, why is their margin 3%?
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by posguy on Tuesday July 21, 2020 @08:17PM
(#23912451)
Buying up all the land that contains a particular resource then guarding it, thus permanently locking said resource away is one way to monopolize a market vertical.
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by jeffbee on Tuesday July 21, 2020 @08:20PM
(#23912476)
If there had ever been such a person, even once, it seems like we'd be celebrating them today. If you could send a guy back 200 years to keep all the coal in the ground, you'd do it.
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by posguy on Tuesday July 21, 2020 @08:27PM
(#23912535)
There are very few that will celebrate De Beers implementation of this monopoly business model: https://en.wikipedia.org/wiki/De_Beers#Legal_issues
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by missedthecue on Tuesday July 21, 2020 @09:00PM
(#23912799)
De Beers does not have a monopoly. Look up their market share.
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by posguy on Tuesday July 21, 2020 @09:10PM
(#23912873)
They had an effective monopoly, until their control of supply was broken: http://www.paulzimnisky.com/a-brief-history-of-de-beers
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by missedthecue on Tuesday July 21, 2020 @09:35PM
(#23913053)
By market forces. Competition, when permitted to exist, produces net benefits.
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by manigandham on Tuesday July 21, 2020 @08:36PM
(#23912600)
What does this have to do with billionaires? Everyone does from private citizens to governments do this, and land itself has value whether there are resources are not.
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by missedthecue on Tuesday July 21, 2020 @08:53PM
(#23912746)
Can you give me one example of a billionaire doing this?
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by function_seven on Tuesday July 21, 2020 @08:19PM
(#23912469)
They can finance the dumping of product at below market rates until they run the competition out of business, then corner the market for themselves.
Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by missedthecue on Tuesday July 21, 2020 @08:55PM
(#23912761)
You cannot corner a market through price dumping. You can lose money until the newer firm dies, but once you raise prices again, guess what happens? The Baltimore Gas Company is a famous example of this. They didn't establish their monopoly until the maryland legislature enforced a utility charter that granted them the exclusive right to distribute gas in Baltimore.