WHO WHEN CHEERING ON government predation on business in the name of so-called “anti-trust” whinge about “predatory” pricing. That is, pricing lower than the competition can or will offer.
That is, the crowd that which thinks profit is a dirty word love it when cronies of the party in power use the power of the state to protect their profit margins.
And screw the customer.
::wobbita:: Wait just a second! That’s a bit of a jump!
Really? You think so? Riddle me this, bat-girl: For whose benefit does the market exist?
(Sensing a trap.) Erm… the buyer?
And, yet, who benefits when profit margins are maintained?
Um… the seller?
NOT the buyer, then…?
So, coming back around to my leapt-to conclusion, who is getting screwed when the low-price leader in a market is brought to heel?
Still leaping here?