alt Hacker NewsIt will never stop being funny to me that China does the exact same shit American corps have been doing since the 70's but because it's scary China it's suddenly a problem.
American startups flood markets with below-cost loss-leader products explicitly to kill competition and create network effects, and then jack the prices just as high, if not higher, for the service in question after the fact, oftentimes while making it so those providing the service earn even less money than they did before. Commentators: "Free market great"
China does the exact same thing: "Communists wanna kill the West"
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It will never stop being funny to me that China does the exact same shit American corps have been doing since the 70's but because it's glorious China it's suddenly not a problem.
I thought it was evil late-stage capitalism? Suddenly it's a friendly panda bear that just wants to spread love and technology?
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If you believe in some kind of competition-free objective set of market morals, then yes, this is a strange contradiction.
If you believe that humans are locked in a productive struggle against each other at the organizational level, and that the knife-edge balance is a feature, not a bug, then it's not so weird to think about.
It is simultaneously true that it is in my best interest for prices to sink (as a consumer), for US companies to succeed (as a US citizen), and for my company to win over competitors regardless of whether those competitors are from US, EU, China, or Antarctica.