this post was submitted on 21 Aug 2023
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Remember when we could only watch what had recently been on TV and cable companies were trying to lock people in to specific cable boxes that couldn't skip ads and we paid $120 per month for ad supported content and cable companies would attach random fees and everyone had to buy hundreds of channels to only watch 4?
And we'd build movie and music collections of physical media we had to keep in our homes and cars and we'd listen to the same three albums for months and if we were lucky enough to get a TV series box set, it'd set us back many hundreds of dollars and we'd have to remember which disc we were on and navigate arcane and slow menus?
And when we had questions, we had to find the answers ourselves by reading long form content and just be satisfied that there were many questions we couldn't answer at all because the information wasn't available?
Or when we wanted cabs, we'd not know how much a ride would cost until after we got to our destinations and they smelled like rotten farts and were covered in boogers and our only goal was to not touch anything and look out the window because what's a smartphone?
And when we wanted to go somewhere, we had to ask for directions and use atlases to figure out how to get to the general area of the destination, then drive in circles, accidentally drive past a turn 5 times because the street we were supposed to turn onto had two different names and we had been given the wrong one?
I was there and anyone who pines for the old days can just go there. We have cable and encyclopedias and taxis and atlases. Go nuts.
Exactly right! While I think companies like Uber and Netflix did price things like Taxis and Cable out of business unethically, I don't want to go back to those days. I remember having to try to catch a Taxi and waiting over an hour and a half in the cold. They would ask where I was going and just drive off. Cable was full of scummy tactics and slowly introduced ads until it was just basically paying to watch ads. I don't want to go back to that shit. But Uber and the like should have been honest about what the pricing structure would have been from the get go.
The business practices of Uber and Netflix are also unethical but in a different way. Uber pays basically nothing. Netflix as well as streaming pays very little to actors/writers/film crew.
Oh, for sure! Corporate greed exceeds new levels year on year! To think they raise interest rates to curb inflation, but then banks and most other companies are posting record profits without any social return is disgusting.
The term for this is Platform Capitalism
Pricing structure will be adjusted based on the market conditions. Applies to any company at any time.
Not the same situation. They purposely went low to price out the competition for years, accepting losses until the competition hopefully didn't exist or had everyone semi dependent on them. This is not a supply/demand situation or increase with inflation. This is creating market dependency until you can increase your cost to what you want it to be by obliterating competition.
That's just normal price dumping.
The fact that you consider that a "normal" and acceptable tactic shows the problem
Just acknowledgment of reality, no moral judgment.