Comment by pembrook

2 years ago

That might be the trendy term for it now, but the strategy is as old as time.

In old school economic terms its called "dumping." When international trade started becoming a major thing, aspiring monopolists would flood foreign markets with goods sold below-cost to push out local competitors, then ratchet up prices and reduce quality once they'd captured the market (basically the Google strategy).

Just like crypto people had to learn that financial regulation was in place for a reason, internet people have had to learn that industrial age anti-trust rules were also put in place for a reason. Now we just need to enforce them.