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[BBC] Toshiba Fined $87M for LCD Price fixing - Page 4

post #31 of 59
7/5/12 at 3:08am
Quote:
Originally Posted by Detroitsoldier View Post

We already have government-mandated price floors and price ceilings for certain products. Companies have set price limits among themselves for decades now. This isn't anything new.

Sorry bro, be we have a capitalist economy. The government has very very limited power to set a price for any commercial product, even if that product is a necessary commodity. That includes gas, food, water and the like.

What the Government CAN do is make law about how, and what reason and in what circumstance is it legal to raise the price of a product or service (see the health reform bill:note your car insurance bi-laws)
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post #32 of 59
7/5/12 at 3:31am
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TBH i don't really see the issue with price fixing and monopolies, It's their product, and THEIR market if they can do it, more power to them, We don't ~need~ computers and lcd screens, they are but a simple luxury.
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post #33 of 59
7/5/12 at 3:39am
Quote:
Originally Posted by Rayleyne View Post

TBH i don't really see the issue with price fixing and monopolies, It's their product, and THEIR market if they can do it, more power to them, We don't ~need~ computers and lcd screens, they are but a simple luxury.

So if AMD and Intel got together and said "look lets make the minimum price of a CPU $1000" you're good with that? Competition in the marketplace is supposed to bring innovation and cheaper prices, if companies are allowed to get away with this where does it stop? Food? Water? Your happy with the fuel prices in Australia?
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post #34 of 59
7/5/12 at 3:42am
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Quote:
Originally Posted by Krahe View Post

So if AMD and Intel got together and said "look lets make the minimum price of a CPU $1000" you're good with that? Competition in the marketplace is supposed to bring innovation and cheaper prices, if companies are allowed to get away with this where does it stop? Food? Water? Your happy with the fuel prices in Australia?

I may not be happy with it, That's why i use LPG, But again this is their market, WE don't require these things to survive, You do realise you can grow your own vegetables right? and acquire your own water, It's not exactly hard though granted most of the current generation wouldn't know a thing about home cooking, Growing things, or standard survival methods, ladies and gentlemen i bring you the rain water tank.


Also Given that AMD and intel are the only ones on the market with competing X68 cpu's if they did do that eventualy they would crash and die because no-one would buy them, And companies would run out their old gear, So that alone pretty much solves the problem.
Edited by Rayleyne - 7/5/12 at 3:44am
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post #35 of 59
7/5/12 at 3:52am
Quote:
Originally Posted by Rayleyne View Post

TBH i don't really see the issue with price fixing and monopolies, It's their product, and THEIR market if they can do it, more power to them, We don't ~need~ computers and lcd screens, they are but a simple luxury.

I can't believe that you're serious... Consider the implications: Nobody needs milk so raise the price to $10 a gallon, nobody needs broccoli so raise the price to $8 a pound.

Seriously, what are you talking about?

Edit:
Quote:
I may not be happy with it, That's why i use LPG, But again this is their market, WE don't require these things to survive, You do realise you can grow your own vegetables right? and acquire your own water, It's not exactly hard though granted most of the current generation wouldn't know a thing about home cooking, Growing things, or standard survival methods, ladies and gentlemen i bring you the rain water tank.

If everyone was required or forced to procure all of their own resources society as we know it would collapse. "Make your own flu vaccine, computer hardware, farm your own vegetables and livestock etc..."
Edited by gelatin_factory - 7/5/12 at 3:57am
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post #36 of 59
7/5/12 at 3:56am
Quote:
Originally Posted by Rayleyne View Post

TBH i don't really see the issue with price fixing and monopolies, It's their product, and THEIR market if they can do it, more power to them, We don't ~need~ computers and lcd screens, they are but a simple luxury.

So are you enjoying your Catleap?

http://www.overclock.net/t/1277250/looking-for-new-monitor-have-about-1-250-00-budget/10#post_17616676
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post #37 of 59
7/5/12 at 3:57am
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Quote:
Originally Posted by gelatin_factory View Post

I can't believe that you're serious... Consider the implications: Nobody needs milk so raise the price to $10 a gallon, nobody needs broccoli so raise the price to $8 a pound.
Seriously, what are you talking about?

Did you know you can Grow your own broccoli? you are paying for a luxury, The ability to walk down the shop and bam it's there and ready, There are no implications, Go ahead fine the companies, but if they did pricefix without being fined, No-one would buy it, And as such prices would go back down, As one of the mods around here keeps saying over, and over, Vote with your wallet if Toshiba price fixs, Buy another brand, or better yet keep your current monitor.
Quote:
Originally Posted by Krahe View Post

So are you enjoying your Catleap?
http://www.overclock.net/t/1277250/looking-for-new-monitor-have-about-1-250-00-budget/10#post_17616676

Yes actualy i am, It's a lovely monitor, But i do not need it to survive, I could live without it, Or hell live without my computer as a whole, I'd be pretty bored, and have to find something new to entertain myself, But it would not kill me to be without one.
Edited by Rayleyne - 7/5/12 at 3:59am
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post #38 of 59
7/5/12 at 3:59am
Quote:
Originally Posted by Rayleyne View Post

TBH i don't really see the issue with price fixing and monopolies, It's their product, and THEIR market if they can do it, more power to them, We don't ~need~ computers and lcd screens, they are but a simple luxury.

Came in to say this. It's a luxury item and you were probably happy with what you paid for it at the time. Think of all the work these companies are doing, the salaries they have to pay, and how cheap an LCD REALLY is when you think about all it does. Who are you to tell these companies not to make a buck?

Ultimately price fixing won't get out of control because market demand will still cap prices. For example, even if Intel became the only x86 manufacturer I'm willing to be their prices would still be in line with what they are now because that's what people are willing to pay for them.
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post #39 of 59
7/5/12 at 3:59am
Quote:
Originally Posted by Rayleyne View Post

Did you know you can Grow your own broccoli? you are paying for a luxury, The ability to walk down the shop and bam it's there and ready, There are no implications, Go ahead fine the companies, but if they did pricefix without being fined, No-one would buy it, And as such prices would go back down, As one of the mods around here keeps saying over, and over, Vote with your wallet if Toshiba price fixs, Buy another brand, or better yet keep your current monitor.

I dont think you understand what price fixing is, there would be no cheaper brands as they are colluding.
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post #40 of 59
7/5/12 at 4:00am
Quote:
Originally Posted by Rayleyne View Post

Did you know you can Grow your own broccoli? you are paying for a luxury, The ability to walk down the shop and bam it's there and ready, There are no implications, Go ahead fine the companies, but if they did pricefix without being fined, No-one would buy it, And as such prices would go back down, As one of the mods around here keeps saying over, and over, Vote with your wallet if Toshiba price fixs, Buy another brand, or better yet keep your current monitor.
Yes actualy i am, It's a lovely monitor, But i do not need it to survive, I could live without it, Or hell live without my computer as a whole, I'd be pretty bored, and have to find something new to entertain myself, But it would not kill me to be without one.

Quote:
If everyone was required or forced to procure all of their own resources society as we know it would collapse. "Make your own flu vaccine, computer hardware, farm your own vegetables and livestock etc..."
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