Comment by HauntingPin
9 hours ago
Yes. What do you think happens in a competitive marketplace? Sony heard about Nintendo partnering up with Philips for the SNES CD expansion, so Sony made their own console. That's literally competition.
The details of how the "public pressure" came to be don't matter, because the monopoly didn't know about that. All they knew was there was a potential competitor, so they behaved according to that information. That's how it works.
Frankly, I think you're trying to poke holes in a straightforward concept. And now you've dug your heels in and you're trying to justify it. But... let's ignore opinions and interpretations...
> Sony heard about Nintendo partnering up with Philips for the SNES CD expansion, so Sony made their own console
This is completely inaccurate in every way possible. You even have the order of events backwards (Nintendo and Sony partnered first). There is in no way in which even the most charitable interpretation of this statement could bear out. Just about the only correct part is that you have some (but not all!) of the relevant parties involved.
If you're wrong about such a well documented, cut and dry matter of historical record, then what else are you wrong about? :)
That isn’t actually refuting his original argument. Just proving his example false.
Then you beg the question with a bit of a straw man fallacy thrown in.
I don't understand this line of thinking. The spreading of a false rumor is an example of a competitive marketplace? If this took place in a different domain wouldn't it be fraud? That it was in the public benefit seems orthogonal.
Yes, if a simple unsubstantiated rumor is enough to get your competitors to spend potentially millions of dollars to fight you, that's a competition. Literally what else could it be?
It can be two things, anyways. You can utilize fraud to manage your competitors expectations. CEOs lie constantly about the state their products are in, in order to drum up more sales.
It has absolutely zero requirement to be beneficial to the public in order to be a competitive marketplace. They're also competing to make as much profit as possible, which has effectively zero benefit for the public.
> They're also competing to make as much profit as possible, which has effectively zero benefit for the public.
The end result is plenty of cheap stuff for people to buy. It's why free markets have full supermarkets and socialist markets have long lines.
Take the free market in software, for example. My entire software stack on my linux box cost me $0.
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It is not fraud to claim that one is considering doing something, and publishing that information.
Imagine how that would actually play out if you were right. (You’re not)
But in the case of the grand parent the company had no intention of following through and did it seemingly at the request of the friend.
> one day, one of the municipal counselors just called up a friend who worked for a fiber laying company and asked them for a favor: put out a press release saying that they were “investigating” laying an undersea fiber to power a municipal fiber network on the little island.