Comments by "" (@timogul) on "Patrick Boyle"
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Yeah, the thing is, cities built up at a time without high speed transit, and were designed so that most people lived within walking distance of where they worked (if maybe a longer walk for poorer people). Then over time, trains and later cars allowed people to work in the city but live out in the country, which was more pleasant, and in response, cities had less and less affordable housing, to the point that many city centers have no housing at all, or at most luxury places that only CEOs can afford, and everyone else has to commute crazy distances. And then the next step was just to build offices out nearer the suburbs, where people could much more comfortably commute. So now there's no point to the city centers. I think cities need to fully reorganize so that businesses and homes for all scales of workers can live side by side, and nobody needs to commute more than a few subway stops and a short walk.
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I do think that it's fair to define a market based on the outcomes. If someone goes out looking for "product X" within a certain price range, and there is only one company that provides that product, then that would be a monopoly on that product, even if other, different products exist. If there are multiple providers of that product, and they consolidate into one, then that is reducing competition within that market. Now whether this is "too much" is more subjective.
Also, it's fair to point out that a market like this one is not necessarily easy to shift. If the bags got more expensive, that does not mean that a different brand could easily fill the gap in the marketplace, because they would not only need to build up supply chains to produce those bags, but also design them, AND they would need to build brand recognition, which would be essential in the space. Basically, companies producing "bargain" bags at the moment would not have the wherewithal to launch an "affordable luxury" brand, and even if they managed it, the customers would be slow to accept them. That is a legitimate concern.
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