stella , 9 months ago

This is why ‘competition lowers prices’ is a load of bullshit.

Ya’ll ever seen Walgreens and CVS? Same prices, right next to each other.

What about 2 gas station on opposite sides of the street, charging the exact same price for their fuel?

It’s a gentleman’s agreement at best, and a cartel at worst. Either way, no business is going to start an ‘undercut war’ because they don’t want their opponents to do the same thing.

Here’s another fine example: Nvidia and AMD. AMD releases worse GPUs, then just piggybacks off of Nvidia’s ridiculous prices.

It’s all a game to funnel as much money as possible to as few people as possible.