Comment by WalterBright
21 hours ago
> The alternative is a race to bankrupt all competitors at enormous cost in order to jack up prices and recoup the losses as a monopoly
I don't know of an instance of this happening successfully.
21 hours ago
> The alternative is a race to bankrupt all competitors at enormous cost in order to jack up prices and recoup the losses as a monopoly
I don't know of an instance of this happening successfully.
Walmart? It's certainly more successful in physical markets
See Amazon
Different markets entirely—I can't walk into amazon, and I don't order online from Walmart.
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Are you saying that Amazon is a successful monopoly, or that Amazon is even with massive expenses still not a full monopoly?
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taxi apps, delivery apps, social media apps—all of these require a market that's extremely expensive to build but is also extremely lucrative to exploit and difficult to unseat. You see this same model with big-box stores displacing local stores. The secret to making a lot of money under capitalism is to have a lot of money to begin with.
Taxis are a government created monopoly.
None of the big-box stores have created a monopoly.
Amazon unseated behemoth Walmart with a mere $300,000 startup capital.
Musk founded his empire with $28,000.
Amazon
See Walmart