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submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 10 months ago (1 children)

If one company decided that the average bread should cost 50 bucks then I'm going to buy someone else's bread and that company loses a lot of money.

If every company decided that the average bread should cost 50 bucks, that's an extraordinary opportunity for a new competitor to come in with reasonable prices.

[–] [email protected] 4 points 10 months ago (1 children)

If one company decided that the average bread should cost 50 bucks then I’m going to buy someone else’s bread and that company loses a lot of money.

CARTELS ENTER THE CHAT

If every company decided that the average bread should cost 50 bucks, that’s an extraordinary opportunity for a new competitor to come in with reasonable prices.

CARTELS ENTER THE CHAT

you people are so fucking clueless holy shit.

[–] [email protected] 0 points 10 months ago

One valid use of government power is punishing people who murder, and I'm not exactly sure what power cartels have outside of that.

I googled it and the Wikipedia page said they're inherently unstable, but I don't know how reliable that is.

In any case, I don't see how my second example isn't a cartel itself. All the bread companies are colluding to set the price of bread artificially high. The problem is there isn't much to stop new competitors (or to stop members defecting).