Linked by Thom Holwerda on Tue 29th Sep 2009 08:50 UTC
Apple The European Union has stated today that it is taking the "exploding" iPhone issues very, very seriously. EU consumer watchdog Meglena Kuneva has explained that if national authorities find out that manufacturing faults are the cause of the issue, the iPhone will face an EU-wide recall.
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RE[2]: Or in other terms.
by nt_jerkface on Tue 29th Sep 2009 14:13 UTC in reply to "RE: Or in other terms."
nt_jerkface
Member since:
2009-08-26

A free market isn't something that is designed, it's what happens naturally. It's a natural system of trade.

You have to try to stamp it out if you want anything else.

Monopolies are not bad when they add value to the lives of consumers. For example in some Alaska towns there is only a single company that will provide air delivery service during the winter months.

Some posters here seem to think that all monopolies should be banned which for many Alaskans would make their lives difficult. Monopolies often exist because consumers are satisfied and competitors see greater benefit in directing capital elsewhere.

Reply Parent Score: 2

RE[3]: Or in other terms.
by Moulinneuf on Tue 29th Sep 2009 15:08 in reply to "RE[2]: Or in other terms."
Moulinneuf Member since:
2005-07-06

Free market don't exist in reality. There is always some terriotry laws or some regulator or some trade prohibition.

All monopolies are bad, as they are about greed above anything else and about blocking competition and new player.

Alaska is in the US, so it's not a free market at all, you can't legally trade with Cuba for example. Single provider are lies, there is nothing stopping anyone outside those town from making a delivery or someone from those town to start a new service themself and some of them do exactly that.

UPS deliver to Alaska ...
Fedex deliver to Alaska
Canada post deliver to Alaska ...

Monopolies often exist because of illegal and criminal
activites that where done to those monopolies competitor, not because consumer are satisfied.

Reply Parent Score: 1

jabbotts Member since:
2007-09-06

Being a monopoly within a market is not an issues but using that position to apply pressure to the market is. I can be 95% of the nail market provided I continue to compete based on the production quality of my nails should another company choose to also sell nails. If I'm the only nail vendor, dictating a higher price for my nails in absense of competition is an issue. Lower my price beyond what new competition can afford for long enough to push them back out of the market then returning my prices to a premium profit margin is also a problem.

Natural monopolies such as mail delivery to remote regions where other companies choose not to provide that service is also not a problem. This depending on my not driving competition out or fleesing the remote inhabitants for all they are worth.

It's not the monopoly position that is the problem but how it is used within the market. This is why antitrust law allows for monopolies provided they behave in a way which does not harm competition, the market or the customers.

Reply Parent Score: 2