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A comment on The Collison Brothers Built Stripe into a $95B Unicorn. Parent comment

Re:The Collison Brothers Built Stripe into a $95B Unicorn by specialist on Saturday May 28, 2022 @09:12AM (#31540073)
Scarcity is not necessary for leverage. Preventing defectors from collective bargaining is.

The Logic of Collective Action explains the mechanics. https://en.wikipedia.org/wiki/The_Logic_of_Collective_Action

It's basically game theory, by another name.

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Re:The Collison Brothers Built Stripe into a $95B Unicorn by philwelch on Sunday May 29, 2022 @03:12PM (#31551927)
> Scarcity is not necessary for leverage. Preventing defectors from collective bargaining is.

"Preventing defectors from collective bargaining" is also, more or less, the definition of what an economic cartel does.

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Re:The Collison Brothers Built Stripe into a $95B Unicorn by notfromhere on Sunday June 12, 2022 @01:14PM (#31716201)
Companies are an economic cartel for capital, but we’ve don’t take their existence as a controversy
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