this post was submitted on 30 Jul 2023
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The free market will set a fair price.
Lack of regulation will make sure it’s a low price and why would a company want to kill off its customers?
Sure if the market has healthy competition and the time horizon of the shareholders is long and if everyone is perfectly rational.
You know the 3 things each of which almost never happens.
Markets rarely have healthy competition. Usually for all practical purposes consumers have few if any choices where they can spend their money. Your supermarket might have a million items but you only have two supermarket and those million items are made by 10 companies.
Time horizons of shareholders are infamous for being short. With the larger they are the shorter they are. We live in a world where for decades stocks are bought and sold with high frequency trading. Long term means a business quarter.
Homo Economis never existed. If that abomination against all that is decent ever did form it would die off having no offspring. Humans smoke, they eat junk food, they buy boats, they lose their temper, they spend 45 billion dollars on Twatter and run it into the ground. This is why you don't leave things that matter to one asshole and just have faith that your invisible sky friend Market will correct it all eventually.
More customers dying means fewer people buying, therefore it's better to rent them. See, the invisible hand of the free market(swt) correcting itself.
And of course, if a company successfully corners the market and extracts value beyond the tolerance of some customers who eventually attempt to harm the company and force it out of business, the company is entirely justified in using assassination drones against the insurgent NAP-violators.
I would say that boycotting is contained within one's freedom of association. Unless you are talking about physical damages at which point an individual should have the right to protect their property, and this is also where tort law comes into play.
It’s what the free market wants.
All hail the free market.