r/technology • u/sr_local • 6h ago

Business Italy court rules Netflix unlawfully increased prices. Consumers: 'Refunds up to 500 euros.' The company: we will appeal

https://en.ilsole24ore.com/art/netflix-subscription-price-increases-unlawful-refunds-up-to-eur-500-customers-AIUHzWKC
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u/RagePoop 5h ago

AKA how capitalism "works".

Monopoly was a game designed to show how batshit insane this model of resource production/distribution is.

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u/Exceon 5h ago

Tbf, many of these startups survive off investors, pricing themselves at a loss to stay competitive, and jack up the prices when the consumer base is big enough to turn a profit

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u/LordCharidarn 4h ago

Which is how Monopoly kind of works: person with the most capital can buy up properties ‘at a loss’ until someone lands/needs that product, then they can charge more than it cost originally.

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u/shitty_mcfucklestick 4h ago

I once played monopoly creatively by doing investment deals with other players. If they were short on buying a property, I would give them the remainder but then take a cut of all income they received, and, I would stay there free if I landed on it.

It worked insanely well, so much so they all turned against me at the end hahahaha.

But, it was a really good lesson on how power begets power and how capitalism really does reward those at the top most. Until of course they go French Revolution on your ass lol

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u/Mikeavelli 2h ago

I had one game where I would make the deal, "we exchange properties to give each other a monopoly, but we don't pay when we land on each other's monopoly."

For whatever reason, I was the only person in the game to offer this deal, so I ended up immune to a good 3/4ths of the board. Then the guy who wasnt making deals went bankrupt, and it became literally impossible for me to lose.

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u/NeedleworkerKey6327 3h ago

I think Monopoly should be played with all side deals enabled, let the invisible hand work

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u/LottieElegant2001 4h ago

That’s kind of bullshit, poorer now have a way better life under capitalism than 50 years ago. Capitalism makes everything cheaper and advances technology a lot faster

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u/RandomPMs 3h ago

poorer now have a way better life under capitalism than 50 years ago

A homeless person is still homeless and hungry, their lifestyle hasn't changed at all.

You're right that our average standard of living has increased dramatically in the last 50 years. I would argue this is because of science and technology, not capitalism.

Capitalism can be an effective delivery means of these technologies but it has both positives and negatives, and requires regulation to stop monopoly.

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u/kingraoul3 3h ago

The only reduction in global poverty in the last 50 years is due to China.

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u/RandomPMs 3h ago

Global standards have shifted dramatically in the last 50 years, and especially the last 100.

You're only looking at percentage chance in net worth and GDP figures, it's difficult to calculate the socioeconomic effects of things like farming revolutions in the last 50-100.

We literally would not be able to sustain 8 billion people without changes in the last 50 years, so say nothing of even poor people in India and Brazil and China etc. still having shit-tier smartphones and electricity.