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What do you think of Internet outrage of companies raising their prices, chiefly companies like Netflix and fast food restaurants? I think morally, it seems pretty iffy- it's a free market, and if they raise their prices, you can just stop buying what they offer. If the government got involved to set any sort of price ceiling, I think that'd definitely be a bad idea that'd lead to a shortage of some sort.
But if the outrage lets customers act as a pseudo-monopsony which gives them more power, I also don't really mind if they're able to use it to demand cheaper prices, even if I think the accusations of corporations being evil are vastly overblown. Especially when it comes to keeping the price of something like Netflix low, where much of their value comes from having exclusive rights to stream old shows and movies instead of all revenue to them going towards making new stuff or improving technology. If consumer outrage keeps the Netflix price $5 cheaper than it otherwise would be, is anything hurt besides shareholder bank accounts?
Are Fast Food Restaurants raising their prices or is it delivery services/delivery prices? I feel like after price increases last year FF seems like it's stabilized, but keep seeing some insane recipts.
Netflix was always in a race to eventually replace your cable company. Ultimately they may do that, but the end price will likely end up being pretty similar, too.
That's why the people who were pro unbundling thinking they could subscribe to just the channels they liked for the bundle price were dumb. If a channel with 80 million subscribers (because it's in a basic tier gets $.25 cents a month) goes to 2 million subscribers, it's going to have to raise prices to $10/month. So instead of paying $50 a month for 40 channels and watching 5, they'll pay $50/month for the 5 channels they watch.
The big thing cheaper netflix probably impacts is the amount of media licensed or produced for the viewers of Netflix.
I don't know if they still are, but I did notice some items I buy regularly increased in response to inflation. And there was a huge spat recently about Wendy's trying to implement surge prices, even despite Wendy's best efforts to frame it as discounts during off hours instead of higher general prices. My question was just about general price increases anyways- if costumers act together as a pseudo-monopsony in response to a fast food place raising prices, what would the consequences be? Just that fewer restaurants would be opening in the area since there's less profit? Might be a good thing tbh to have 5 restaurants in a food court that are all cheaper than having 10 that are more expensive.
Do you think the amount of media licensed/produced being lower is probably worth or not worth the lower cost?
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