this post was submitted on 06 May 2024
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How rental ‘libraries of things’ have become the new way to save money (www.theguardian.com)
submitted 9 months ago by [email protected] to c/technology
224 comments fedilink hide all child comments
 

The theory is simple: instead of buying a household item or a piece of clothing or some equipment you might use once or twice, you take it out and return it.

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[–] Fried_out_Kombi 10 points 9 months ago

Yeah, this is the one piece a lot of people miss: in any decently competitive market, individual firms have effectively zero power to set prices; they must instead accept the prices determined by the market.

Knowing that, the solution to that sort of corporate BS, then, is to ensure markets are competitive by busting monopolies, lowering barriers to entry, and getting money out of politics to reduce the effect of lobbying.