Comment by matheusmoreira
6 hours ago
> with the notable exception of people with lots of capital to wipe the competition out of the market then do a rug pull after the fact
They used to be called robber barons.
6 hours ago
> with the notable exception of people with lots of capital to wipe the competition out of the market then do a rug pull after the fact
They used to be called robber barons.
Ironically, during the anti-trust trial of Standard Oil, Rockefeller's market share kept slipping. His competitors figured out how to compete with him.
As for Rockefeller being a "robber", the rise of Standard Oil resulted in the price of kerosene dropping 70%.