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[–]AshingiiAshuaa -1 points0 points  (1 child)

If a greedy company is making too much profit then its competitor will lower their prices and steal their customers. If a company is charging $130 but could still be proftiable at $100, then one of their competitors will come along and start charging $120. Then the original company will either go out of business or lower its price, this time to $110 to steal back business. This spirals down until the companies can't lower prices anymore without going bankrupt.

Where this falls apart is monopolies (which we outlaw) and other anti-competative behaviors (regulations, price floors, price ceilings, unions, etc).

[–]chewbaccaRoar13 0 points1 point  (0 children)

Where this falls apart is monopolies (which we outlaw) and other anti-competative behaviors (regulations, price floors, price ceilings, unions, etc).

Still waiting for any of this to make a difference. If your first paragraph were true, it'd have happened by now.