Because a reputation for following up brinksmanship threats means that people won’t enter into deals with you at all; extortion works because, to some extent, people have to “deal” with you even if they don’t want to.
This is why I saw a Walmart-monopsony (monopolistic buyer) as closer to extortion, since not trading with them is not an option.
Because a reputation for following up brinksmanship threats means that people won’t enter into deals with you at all; extortion works because, to some extent, people have to “deal” with you even if they don’t want to.
This is why I saw a Walmart-monopsony (monopolistic buyer) as closer to extortion, since not trading with them is not an option.