this post was submitted on 25 Aug 2023
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172
Theory vs Practice (lemmygrad.ml)
submitted 2 years ago by yogthos@lemmygrad.ml to c/memes@lemmy.ml
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[–] BuboScandiacus@mander.xyz 6 points 2 years ago (3 children)

Then comes the third entrepreneur

[–] Streptember@kbin.social 24 points 2 years ago (1 children)

And the two established businesses just artificially lower their prices to keep out the competition, forcing the third to stop trying to compete.

[–] Pinklink@lemm.ee 10 points 2 years ago

That’s the problem with having money to lose to keep from losing money in the long term: firmly established companies with money to spare can always keep startups from succeeding, and all they have to do is wait out the limited money of smaller competitors to get back to ripping off the consumer

[–] yogthos@lemmygrad.ml 1 points 2 years ago (1 children)

Diluting their milk with sewage.

[–] GenderIsOpSec@hexbear.net 6 points 2 years ago (1 children)

or paying their workers even less

"its a gig! you make milk for a few hours to get some more money! grindset!!!!"

[–] yogthos@lemmygrad.ml -4 points 2 years ago

fun fact, Marx actually summed up the whole gig economy in Das Kapital

[–] PolandIsAStateOfMind@lemmy.ml 0 points 2 years ago

May i present you the idea of "cartel"?