michael fraker
8.4K posts

michael fraker
@LibertyFrk
The NAP and liberty are the way not the destination




The very concept of the success is deeply immoral. If you are successful the other is loser. We shouldn’t accept it. We should prosper or suffer together. Otherwise it is satanic.









predatory pricing is economic fiction the theory: big company sells below cost to drive out competitors then raises prices to monopoly levels once competition is gone the reality: no documented case of this ever working why? selling below cost loses money fast competitors can wait it out or new ones enter when you raise prices back up the predator goes bankrupt before the prey does every alleged case of predatory pricing in history either never happened or the "predator" was just more efficient and kept prices low permanently standard oil lowered prices and kept them low amazon sells cheap because of scale not because they're waiting to jack up prices later the predatory pricing myth is used to justify antitrust intervention against companies whose only crime is charging less


















