interfluidity ,
@interfluidity@zirk.us avatar

"There's an implicit bargain that every monopolist makes… I will be a benevolent dictator who spends…windfall profits on maintaining product quality and security… [M]onopolists always violate this bargain. When faced with the decision to either invest in quality+security, or hand billions of dollars to their shareholders, they'll always take the latter. Why wldn't they? Once they have a monopoly, they don't have to worry abt losing customers to a competitor" @pluralistic https://pluralistic.net/2024/06/14/patch-tuesday/#fool-me-twice-we-dont-get-fooled-again

kentwillard ,

@interfluidity @pluralistic Reminds me of revelation from Brad Setser that Boeing, a mere duopoly, has no new planes on the drawing board. CEO's direct profits to buybacks and cash out their stock compensation. After a long time their lack of internal investment will destroy the monopoly. https://www.liberalpatriot.com/p/time-for-the-us-to-consider-a-bit

  • All
  • Subscribed
  • Moderated
  • Favorites
  • random
  • test
  • worldmews
  • mews
  • All magazines