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In reply to the discussion: Customer service my ass. [View all]

OrwellwasRight

(5,247 posts)
10. This is 100% due to economic concentration
Wed Aug 27, 2025, 03:29 PM
Aug 27

If companies actually had to compete for customers, at least some would compete on the basis of superior service. Others would learn they lost customers due to poor service and they’d try to improve. But they don’t have to compete. There are essentially 6 airlines, 6 banks, 1 cable company (per community), 3 cell phone companies, 1 gigantic online retailer, 1 payment processor (PayPal, which owns Venmo by the way), 3 credit card companies, etc. they know you have few choices. So they don’t give a rip. They don’t have to. Biden was (albeit slowly) starting to deal with this. Now we are sunk. Trump likes monopolies. He has stopped all progress Biden started.

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