EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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Ever hear of the Iphone. What Apple does, it's competitors follow. When it raises or lowers prices, the industry follows. That is basic monopoly power.
got it,
1) so Walmart has to fight every day to keep its prices the lowest in in the world so it won't end up like Kmart because it has monopoly power
2) so Apple has bring out a new Iphone every year so it won't end up like Nokia because it has monopoly power
3) so Intel races against the clock to keep up with Moores Law as fast as its world wide scientific base will allow because it has monopoly power?? "The whole point of integrated circuits is to absorb the functions of what previously were discrete electronic components, to incorporate them in a single new chip, and then to give them back for free, or at least for a lot less money than what they cost as individual parts.
In fact, when you get an MBA they teach you that the history of business showed that success led to destruction, not to monoopoly power. They go through every industry showing for example, that GE and RCA laughed at the computer while IBM was taking over their industry, then IBM lost to Microsoft, then Microsoft lost to Google.
Nokia and Motorola lost to Apple and Samsung, etc etc.
the absolute and pure stupidity of a socialist saying that capitalism leads to monopoly power is staggering when socialism openly creates monopolies!!