• @sibachian
    link
    52 years ago

    i love the free market. rich person can get discount from supplier and kill the competition through undercutting; then quadruple the price once competition has been eliminated because monopoly laws have loopholes.

    people run out of money since all competitors have closed down and there are no more jobs and no more salaries other than whatever minimal salary is required by the monopoly to stay within legal parameters and since competition is massive on the labour market.

    less money on the market so the company has to increase the cost further. company doesn’t care that only a fraction can afford to buy their products because the profit margins are through the roof and as a wealthy monopoly they don’t have to pay taxes anyway.

    eventually all money has been extracted from the region so they go to the bank and say pls lower loan rates for student loan, housing loan, car loan, etc. bank agrees and because they create new money on the spot and lend it out to the loaner at a low rate. once all money has been paid off on the loan that money is deleted since it didn’t exist in the first place, but the rate that was paid the bank accept as profit.

    proceed to encourage every new generation to take out bigger and bigger loans so the rich and the banks can keep siphoning from the bottomline and live like gods.

    the free market is awesome. love it.