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    lainy (lain@lain.com)'s status on Tuesday, 06-Dec-2022 22:59:26 JSTlainylainy
    in reply to
    • Hyolobrikator
    • Moffin'tosh
    @Hyolobrika @moffintosh it's trying to build up 'gotcha' situations (that don't work), instead of engaging with the actual arguments.

    For example, the $1000 disconnection fee. Every watcher of this video can immediately tell that THIS will come back to bite them later. Why shouldn't the people actually involved in this hypothetical scenario realize the same? No reason is given beyond "they are happy because prices are low".

    Another example is the 'predatory pricing', that is, lowering the price of a product below its production costs to destroy a competitor. This is not a winning strategy, it is suicidal.

    There's also a general tendency to ignore the consumer, or what effects things have on him. Let's say there was a 'predatory pricing' battle, what would that mean for the consumer? Lower prices! How is that bad? Who is paying for these lower prices? The 'monopolist' trying to kill his competitors!

    Overall there's not much economic thinking in this video (or this guy's other videos).
    In conversationTuesday, 06-Dec-2022 22:59:26 JST from lain.compermalink
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