• Olgratin_Magmatoe@slrpnk.net
    link
    fedilink
    English
    arrow-up
    7
    ·
    edit-2
    7 hours ago

    Competition does the exact opposite of centralization. That’s why I can buy most goods from completely different vendors that differ in price and quality.

    Competitions have winners, and in this case it means the competition goes out of business and dies, leaving you with a near monopoly or outright monopoly.

    That power then gets used to

    • lobby (bribe) the government to raise barriers to entry to prevent new competitors
    • buy out new competitors
    • intentionally price everything lower than competitors, at a loss, to kill competitors in a war of attrition that they can’t possibly outlast

    And that’s even assuming there’s any competition at all, which often isn’t the case with certain things like healthcare, internet, electricity, etc.