"Undercut"? You mean providing a product at a fraction of the cost than competitors? That's not undercutting anyone, it's competition. FAIL.
Monsanto has these patents through govt. favoritism. FAIL.
And the East India Company was a govt. sanctioned corporation. Double fail.
When big corp cuts their prices its to drive competitors out of the market so that they can come back and raise the prices later. i.e. Wal Mart
In fact, the way big corp operates is more by eliminating competition than by actually competing. Rather than beat their opponents fair and square they'd rather run them off the track. The end goal is to extract as much profit off the backs of consumers and employees as is humanly possibly without any regard for anything else.
When big corporations cut prices, that signals they can operate still by doing so and if other competitors want to stay that way, they will change practice to become so. That's how compeition works, Cork.
As for Walmart, if consumers didn't buy the cheap shit there, it wouldn't be a problem. Thats the market deciding cheap, shit goods are better than quality made items. In some cases the market is correct. On the other hand it is the consumer that made that decision (albeit the govt. favoritism provided to cheap chinese goods)
Maybe you missed my previous post. Large corporations can afford to sell a product below cost for as long as it takes to kill their competition. Of course that's not legal but in the absence of government regulation, it happens.
And yeah, consumers have decided that Walmart isn't too evil to support. Of course, long term thinking or standing on principles aren't the strong suits of the average American. Count on corporations like Walmart to capitalize on that.
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