i agree with you they would try to profit more, (they’re a business so of course). but i think lowering operational costs allows them to lower their prices too, while also profiting more. we need a good way to ensure monopolies don’t just all agree to set a standard price and not compete with each other, i haven’t thought of one yet except outright monopoly busting. but i do think in general lowering costs to create goods allows goods to be cheaper especially when they’re facing and trying to undercut other competitors/competition.
That is what capitalism was supposed to be, yet, here we are. I want what you say, but that is wishful thinking at this point. Unless some weird company or individual with unlimited funds decides at some point to do just that, which would make all other businesses rethink their ways because every client would be jumping ship, I honestly don’t see that happening in oír lifetime.
I honestly doubt that those savings would go to the clients, in all likelihood, they would just become profit margin.
i agree with you they would try to profit more, (they’re a business so of course). but i think lowering operational costs allows them to lower their prices too, while also profiting more. we need a good way to ensure monopolies don’t just all agree to set a standard price and not compete with each other, i haven’t thought of one yet except outright monopoly busting. but i do think in general lowering costs to create goods allows goods to be cheaper especially when they’re facing and trying to undercut other competitors/competition.
That is what capitalism was supposed to be, yet, here we are. I want what you say, but that is wishful thinking at this point. Unless some weird company or individual with unlimited funds decides at some point to do just that, which would make all other businesses rethink their ways because every client would be jumping ship, I honestly don’t see that happening in oír lifetime.