Originally Posted by EniGma1987
IMO this s bad news. Are the prices too high? Sure, but companies can charge what they want for their products. If you dont want to pay for a company's product, buy something else. Governments should not be able to try and force companies to conform to what the government thinks prices should be.
The 1890's and 1900s say Hi!
To respond to your and knuckleheads belief that the market will work itself out, I present a single case which disproves your theory. Standard Oil. The free market system does not work by itself in anything outside of theory, and that is because humans are running it. Malicious intent, and minority gain over the majority, will always seep into the system. Government involvement is the only avenue left for people in an age where you can not be left behind technologically, and you are at the mercy of those very few in possession of what you need.
It used to be somewhat simple to create competition in an industry, but microprocessors and technology which utilizes them, entirely breaks the old market models. They are too complex to create, the barrier to entry is astronomically high, they do not cost nearly as much to create as the owners want to charge. They utilize the higher barrier to entry to artificially inflate the price of their products to just below a feasible level to create your own. Just look at all the processors Intel is practically giving away to china if you don't think they have their bases covered as far as R&D / manufacturing / salaries go.
Please for the love of god take micro and macro economics. These are fundamental principals to economic theory which you are getting wrong.