02 Feb 2011, 8:43 pm
Hmm, is OKcupid rapidly going to decline from okay to rubbish?
This was apparently removed from the site 
http://webcache.googleusercontent.com/s ... .com/z/yf2
02 Feb 2011, 9:00 pm
02 Feb 2011, 9:10 pm
02 Feb 2011, 9:17 pm
02 Feb 2011, 9:27 pm
02 Feb 2011, 9:30 pm
02 Feb 2011, 10:05 pm
Zur-Darkstar wrote:
It happens in every industry. The big players buy up the smaller players to limit competition so that they can raise prices.
This is one of the fundamental drawbacks of unregulated capitalism. Market share invariably accumulates to a few large corporations. When one company controls a substantial part of the market, they can crush competitors by temporarily pricing below cost. They can also bully suppliers into selling at a lower price than they otherwise would. They can force consumers to buy more products by updating their product line and cutting service to the old lines. There are a number of other ways this goes on. Moreover, they use the power of market share to benefit themselves at others' expense. Every time a corporation uses it's market share to influence the market place, we deviate from the perfect competition and become a little less efficient as an economy. The more economic power is concentrated in the hands of huge multinational conglomerates, the more inefficient our society becomes, and as always, the people on the bottom feel the most hurt. This is classical economic theory straight from Adam Smith and it's what the Republican Party is
hoping that the middle class won't figure out.
I used to use match.com and it's not a bad site, but the people on there tend to be rather mainstream extroverted people. I find more geeks, oddballs, and otherwise different people on OKCupid which is why I use it more. If OKCupid changes sufficiently that these people leave, they'll go somewhere else and I will also.
This is one of the fundamental drawbacks of unregulated capitalism. Market share invariably accumulates to a few large corporations. When one company controls a substantial part of the market, they can crush competitors by temporarily pricing below cost. They can also bully suppliers into selling at a lower price than they otherwise would. They can force consumers to buy more products by updating their product line and cutting service to the old lines. There are a number of other ways this goes on. Moreover, they use the power of market share to benefit themselves at others' expense. Every time a corporation uses it's market share to influence the market place, we deviate from the perfect competition and become a little less efficient as an economy. The more economic power is concentrated in the hands of huge multinational conglomerates, the more inefficient our society becomes, and as always, the people on the bottom feel the most hurt. This is classical economic theory straight from Adam Smith and it's what the Republican Party is
hoping that the middle class won't figure out.
I used to use match.com and it's not a bad site, but the people on there tend to be rather mainstream extroverted people. I find more geeks, oddballs, and otherwise different people on OKCupid which is why I use it more. If OKCupid changes sufficiently that these people leave, they'll go somewhere else and I will also.
As an ex-Wall Street Minion, I agree with every word that you said. This is exactly how "too big to fail" happens and straightjackets the economy into a situation that a more decentralized structure would naturally be able to handle.
The thing that's really spooky though is when you're in the middle of it, you become completely desensitized to it. You see "operational synergies" that create a beautiful result from your point of view, but it never occurs to you that it means 1,000 people losing their jobs. It's just numbers on an income statement...
Bethie
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02 Feb 2011, 11:42 pm
Bethie
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Joined: 26 Jul 2010
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02 Feb 2011, 11:44 pm
02 Feb 2011, 11:46 pm
Mindslave
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02 Feb 2011, 11:47 pm
02 Feb 2011, 11:50 pm
Grisha wrote:
Zur-Darkstar wrote:
It happens in every industry. The big players buy up the smaller players to limit competition so that they can raise prices.
This is one of the fundamental drawbacks of unregulated capitalism. Market share invariably accumulates to a few large corporations. When one company controls a substantial part of the market, they can crush competitors by temporarily pricing below cost. They can also bully suppliers into selling at a lower price than they otherwise would. They can force consumers to buy more products by updating their product line and cutting service to the old lines. There are a number of other ways this goes on. Moreover, they use the power of market share to benefit themselves at others' expense. Every time a corporation uses it's market share to influence the market place, we deviate from the perfect competition and become a little less efficient as an economy. The more economic power is concentrated in the hands of huge multinational conglomerates, the more inefficient our society becomes, and as always, the people on the bottom feel the most hurt. This is classical economic theory straight from Adam Smith and it's what the Republican Party is
hoping that the middle class won't figure out.
I used to use match.com and it's not a bad site, but the people on there tend to be rather mainstream extroverted people. I find more geeks, oddballs, and otherwise different people on OKCupid which is why I use it more. If OKCupid changes sufficiently that these people leave, they'll go somewhere else and I will also.
This is one of the fundamental drawbacks of unregulated capitalism. Market share invariably accumulates to a few large corporations. When one company controls a substantial part of the market, they can crush competitors by temporarily pricing below cost. They can also bully suppliers into selling at a lower price than they otherwise would. They can force consumers to buy more products by updating their product line and cutting service to the old lines. There are a number of other ways this goes on. Moreover, they use the power of market share to benefit themselves at others' expense. Every time a corporation uses it's market share to influence the market place, we deviate from the perfect competition and become a little less efficient as an economy. The more economic power is concentrated in the hands of huge multinational conglomerates, the more inefficient our society becomes, and as always, the people on the bottom feel the most hurt. This is classical economic theory straight from Adam Smith and it's what the Republican Party is
hoping that the middle class won't figure out.
I used to use match.com and it's not a bad site, but the people on there tend to be rather mainstream extroverted people. I find more geeks, oddballs, and otherwise different people on OKCupid which is why I use it more. If OKCupid changes sufficiently that these people leave, they'll go somewhere else and I will also.
As an ex-Wall Street Minion, I agree with every word that you said. This is exactly how "too big to fail" happens and straightjackets the economy into a situation that a more decentralized structure would naturally be able to handle.
The thing that's really spooky though is when you're in the middle of it, you become completely desensitized to it. You see "operational synergies" that create a beautiful result from your point of view, but it never occurs to you that it means 1,000 people losing their jobs. It's just numbers on an income statement...
I can certainly understand how it does make sense from a certain point of view. It's not as if there are a bunch of guys in a room toiling their mustaches thinking "how can we ruin the economy today". It's just everybody acting in their own interests, and then you end up with a result that isn't really good for anybody except a handful of political and corporate elites at the top of the pyramid.
02 Feb 2011, 11:55 pm
03 Feb 2011, 12:50 am
03 Feb 2011, 2:06 am
03 Feb 2011, 2:12 am
Moog wrote:
Hmm, is OKcupid rapidly going to decline from okay to rubbish?
This was apparently removed from the site
http://webcache.googleusercontent.com/s ... .com/z/yf2
This was apparently removed from the site
http://webcache.googleusercontent.com/s ... .com/z/yf2
Great! When was OKcupid bought? Do you think the same kind of people will remain on OKCupid or will they all start to leave?
The biggest problem I have with this now is that OKcupid is just something they want to use to attract more people to their other pay-sites:
http://www.bloomberg.com/news/2011-02-02/iac-s-match-com-buys-rival-okcupid-for-50m.html
