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Comment Capitalists hate competition (Score 4, Interesting) 67

The natural course of capitalist organizations is to merge together, collude and fix prices once they have enough "market power".
We are in late stage capitalism now where just about everything we buy is sold by some mega corporation which doesn't have any effective competition.
That's why we have "greedflation" raising prices and increasing corporate profits as a result of decades of lax anti-trust enforcement.

Comment Re:Bad justification for sentencing (Score 3, Insightful) 143

One of the purposes of jail is to put dangerous people away so they can't do more damage.
I think it's clear that he has done a lot of damage and shown no remorse (he still thinks he didn't do anything wrong).
25 years is a good amount of time for him to think about what he did and possibly change his mind so that he won't do it again.

Comment Non-paywalled source (Score 2) 125

https://www.nytimes.com/2024/0...

The Justice Department and 16 state attorneys general filed an antitrust lawsuit against Apple on Thursday, the federal government’s most significant challenge to the reach and influence of the company that has put iPhones in the hands of more than a billion people.

The government argued that Apple violated antitrust laws by preventing other companies from offering applications that compete with Apple products like its digital wallets, which could diminish the value of the iPhone. Apple’s policies hurt consumers and smaller companies that compete with some of Apple’s services, according to excerpts from the lawsuit released by the government, which was filed in the U.S. District Court for the District of New Jersey.

“Each step in Apple’s course of conduct built and reinforced the moat around its smartphone monopoly,” the government said in the lawsuit.

Comment Re:Great, but they need cheaper models too (Score 1) 41

Tesla is the only automaker confirmed to make a profit on EVs. (BYD may be making a profit but it's not clear... ?China)
Every other automaker is losing significant $$ on every car they make. They won't make a profit until they can get their volume up. It's not clear that they will be able to sell enough of their substandard EVs to increase volume to the point where they are profitable. Right now they are relying on profits from ICE and hybrid cars but people have stopped buying those and they have too much inventory.

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