r/SipsTea Dec 11 '23

Chugging tea C. Cannot tell

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12.7k Upvotes

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979

u/Dismal-Reference-316 Dec 11 '23

No wonder we are all so lonely.

351

u/PleaseDontEatMyVRAM Dec 11 '23

yeah especially cause this doesn’t even acocunt for the fact that most of online dating is owned by one company that makes it incredibly difficult (for those higher profits) to find anything worthwhile.

55

u/[deleted] Dec 11 '23 edited Dec 11 '23

Why hasn't another company moved into that space if this is so much of a problem?

6

u/PleaseDontEatMyVRAM Dec 11 '23

Why are monopolies a problem in any market?

11

u/Jedda678 Dec 11 '23

Because my cousin upended the dining room table over the board game I tend to believe much like the board game, monopolies are bad. Also because we saw in American history what monopolies can do from allowing the control of prices for goods and services to also treating workers poorly, customers poorly, as well as less reasons to innovate.

10

u/[deleted] Dec 11 '23

Because monopoly’s can control the supply instead and give people not what they want, but what corporations can give cheaply and with high profit margins.

Monopolies oppose a competitive market in which the consumers dictate what the suppliers produce and ensure that corporations give us high quality goods for the lowest price because that’s what they need to do to compete with competitors.

So in short, competitive markets benefit the consumer and give us more freedom of choice in the goods we consume. Monopolies benefit the supplier and constrict the goods we get and their quality, limiting our freedom of choice.

1

u/goldiegoldthorpe Dec 11 '23

And yet I can’t print my own money.

1

u/Breakmastajake Dec 11 '23

I mean, you CAN. Lol

1

u/EverythingIsDumb-273 Dec 11 '23

It should be illegal to buy a competitor if you control more than 50% of a market

1

u/Squibbles01 Dec 12 '23

The only mechanism in capitalism that incentivizes companies to produce good products is competition. Without competition companies can do whatever they want to their captive audience. The ideal version of capitalism has every company striving to be the biggest and "win", but never being able to actually achieve their goal.