← Back to context

Comment by smallmancontrov

6 hours ago

There's a reason why they teach the prisoner's dilemma on day 1 of business school: a group which is more fragmented has less power. From the consumer perspective, this is why monopolies are bad and this is why boycotts don't work. From the slimy businessman perspective, this is why monopolies are good and boycotts are the only way consumers should be allowed to push back. Boycotts are empirically understood to be an ineffective strategy -- which, of course, is usually exactly what the people proposing them as an alternative to legislation are usually after.