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Re:What will our economic future look like? by WalterBright on Wednesday September 09, 2026 @07:19PM (#49635985)
Nope. The working week reduced hours.

Those factories were not producing luxury goods. They produced everyday items for the masses. Things like knives, spoons, tools, textiles, ketchup bottles, shoes, furniture, nails, bicycles, etc.

Standard Oil, for example, improved efficiency and reduced the consumer price of kerosene 70%.

There's no evidence of outsized profits.

Re:What will our economic future look like? by nixon_why69 on Wednesday September 09, 2026 @09:33PM (#49637179)
Standard oil is the textbook example of an abusive monopoly and was broken up for that reason.

They improved efficiency by cutting exclusive deals with railroads and transport companies due to their size which froze out every other company.

Re:What will our economic future look like? by WalterBright on Thursday September 10, 2026 @12:59AM (#49638610)
Cutting consumer prices by 70% is not "abusive".

SO's market share never exceeded 90% and it declined during the years of the anti-trust trial.

By cutting launch prices 90%, is SpaceX also an abusive monopoly?

Re:What will our economic future look like? by nixon_why69 on Thursday September 10, 2026 @03:37AM (#49639822)
Defending standard oil is an all-timer hot take. They only had 90% market share? In a commodity?

SpaceX isn't a monopoly because they have domestic and international competition. Before they showed up, ULA was a deliberately constructed monopoly because Boeing and Lockheed didn't want to compete.

Re:What will our economic future look like? by WalterBright on Thursday September 10, 2026 @04:08AM (#49640111)
SpaceX has a 90% market share.
Re:What will our economic future look like? by nixon_why69 on Thursday September 10, 2026 @07:20AM (#49641815)
Numbers aside, SpaceX has a technological lead. They're not strangling competitors in a commodity business with monopoly practices. I wouldn't call ASMR or TSMC monopolies either, anyone can compete with them in theory. Standard oil, by contrast, would cut their competitors off from rail transit and selectively dump to drive them out of business.

The other reason they're not a monopoly is that they may do 90% of total launches, but most are for themselves to support starlink (another "nonopoly" with no competitors). They have 60% of the US government launch contracts, a small percentage of ESA when Ariane is flaky, amd of course 0% of China and Russia.

Re:What will our economic future look like? by WalterBright on Thursday September 10, 2026 @05:13PM (#49650231)
Before going any further, I suggest taking a deeper dive into Standard Oil and its so-called "monopoly".

Start with "Titan" by Chernow.

SO was basically convicted of "making too much money", and the government failed to convict SO of a monopoly.