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Re:India protests: Internet cut to hunger-striking farmers i... by youeseh on Sunday January 31, 2021 @03:23AM (#25977117)
> What prevents a monopolized market?

I'm not sure if the Indian government does this, but in some countries the government breaks up monopolies and tries to prevent them from forming in the first place.

I think the new laws allow anyone to approach a farmer with a better deal, and if the farmer chooses, they can even try to sell directly to the end customers.

Re:India protests: Internet cut to hunger-striking farmers i... by srean on Sunday January 31, 2021 @06:08AM (#25977901)
Indeed. I am against these laws because there are no such safeguards. In fact these laws take away the right to approach the courts in case of a dispute. Previously the state government could conduct raids in case hoarding of supplies were indicated. According to these laws the state governments cannot do that on the basis of rising prices till the scarcity pushes the price up by another 100%.

Agri needs reform, but that does not mean that the proposed ones are what is needed.

Re:India protests: Internet cut to hunger-striking farmers i... by xrisk on Sunday January 31, 2021 @03:42AM (#25977190)
The Indian government actively colludes with big corp; forget about breaking up monopolies (see: Jio).

As for the claim that the new laws allow anybody to approach a farmer with a better deal; sure that works in theory -- but notice that 1) that only works if there isn't a monopoly that drives prices (consider Jio that successfully monopolized telecom in India and now effectively sets prices throughout the industry) 2) farmers would be contractually obligated to sell produce (which would be a long-term deal).

The issue might be alleviated if the government promises to enforce a minimum price on all contracts made, but it will do nothing of that sort.

As for selling directly to end customers, in my limited knowledge, that is not a thing in India.

Re:India protests: Internet cut to hunger-striking farmers i... by qart on Sunday January 31, 2021 @05:42AM (#25977802)
Jio is not a monopoly by any stretch of imagination. My family is entirely on Airtel. No one has felt the need to switch. Among all my friends, only one person uses Jio.
Re:India protests: Internet cut to hunger-striking farmers i... by xrisk on Sunday January 31, 2021 @05:58AM (#25977853)
... You realize that it set pricing across operators forcing literally every single one of them into losses?
Re:India protests: Internet cut to hunger-striking farmers i... by qart on Sunday January 31, 2021 @06:12AM (#25977921)
No one can "realize" fake facts. Here are some real facts: https://assets.airtel.in/teams/simplycms/web/docs/Bharti_Air...
Re:India protests: Internet cut to hunger-striking farmers i... by xrisk on Sunday January 31, 2021 @06:52AM (#25978156)
You've linked me to a subsidiary [1] (that too one that sells telecom hardware)? Airtel the co has made 300M INR in losses for 2019-2020 [2]

[1]: https://www.emis.com/php/company-profile/IN/Bharti_Airtel_Se...

[2]: https://assets.airtel.in/teams/simplycms/web/docs/Airtel-Int...

Re:India protests: Internet cut to hunger-striking farmers i... by qart on Sunday January 31, 2021 @07:24AM (#25978295)
I linked you to Airtel's Indian telecom business, i.e. the business in direct competition to Jio. The document you linked to says it's about "Operations in 18 countries including India and Sri Lanka", offering many kinds of services unrelated to telecom.
Re:India protests: Internet cut to hunger-striking farmers i... by xrisk on Sunday January 31, 2021 @07:26AM (#25978301)
From [1]:

> Bharti Airtel Services Limited (BASL) engages mainly in selling of hardware for internet and satellite business.

Also please do elaborate on what sources of revenue that Airtel has that cause its 300M in loss while (as you claim) it makes profits in their telecom?

Re:India protests: Internet cut to hunger-striking farmers i... by qart on Sunday January 31, 2021 @08:10AM (#25978537)
https://www.bloomberg.com/profile/company/8155686Z:IN

"Bharti Airtel Services Ltd. provides telecommunication services. The Company offers mobile, voice, and data services, as well as fixed line, high speed broadband, IPTV, and DTH services. Bharti provides telecom solutions for enterprises and international long distance service carriers."

> Also please do elaborate on what sources of revenue that Airtel has that cause its 300M in loss

Not interested. The bottom line is that Bharti Airtel Services, the direct competitor of Jio, is making a profit, contrary to your beliefs. Jio is not a monopoly.