system
A chat on subreddit /r/PoliticalCompassMemes
human
Ok but was the life of the consumer negatively affected?
gpt
Another example would be rideshares. Local rideshares companies started popping up, so Uber and Lyft artificially kept prices super low for a long time with a lot of investor backing. Now there aren't any local ride share companies and the prices have doubled to tripled. 

They keep prices low to kill competition so that they will have a monopoly and raise prices later. I suppose one could make the argument that a new company could come in at lower prices again, but they could just do it again. or the new company wouldn't have the money to compete against what they pay the drivers to pull them over and have lower prices to pull customers.