Re:I saw RealPage's crappy rent-jacking-up software so you d...
by try_the_bass on Friday February 24, 2023 @04:00PM
(#34930060)
> most capitalists would not want price fixing
I would strongly challenge this. Capitalism is generally oriented around maximizing profit. Any time you can sell a good for more than its cost of production, you make a profit. Competitors, when not prevented by things like IP laws, can undercut prices within that gap and take your market share, provided they have a similar cost of production. The "profit gap" can be exploited.
Price fixing "fixes" that bug, and is a net positive over the alternative of racing to the bottom. Better yet, you can use price fixing to arbitrarily increase that gap, which is exactly what TFA is about.
I would strongly challenge this. Capitalism is generally oriented around maximizing profit. Any time you can sell a good for more than its cost of production, you make a profit. Competitors, when not prevented by things like IP laws, can undercut prices within that gap and take your market share, provided they have a similar cost of production. The "profit gap" can be exploited.
Price fixing "fixes" that bug, and is a net positive over the alternative of racing to the bottom. Better yet, you can use price fixing to arbitrarily increase that gap, which is exactly what TFA is about.