system
A chat on subreddit /r/PoliticalCompassMemes
human
To prop up those lower prices they have to build in cheaper countries. So manufacturing jobs left and was filled with the service industry which was lower paying and less benefits.
gpt
True, but the above poster is correct in a legal sense. With antitrust laws - where you would typically find restrictions on predatory pricing - the concern is about harm to competition, which is usually translated as harm to consumers. 

Pricing goods at below-market rates used to be considered anticompetitive activity and illegal, the idea being that a large market participant was keeping prices artificially low in order to put existing competitors out of business and discourage new competitors from entering the market. The analysis has changed in the last 20-30 years, however, because it's become clear that this strategy doesn't actually work. If you price goods below what's competitive long enough to drive competitors out of the market, you have to heavily over-price them later to compensate for your losses. Those high prices inevitably attract new competitors in the market, who see they can easily undercut you on price. 

In other words, the firm who prices goods below market will never be able to maintain supra-competitive prices for very long afterwards, and certainly not long enough for it to be worth the trouble. Ultimately, the only "team"' who wins is the consumers, who enjoyed low prices for a long time and will, at worst, eventually see goods return to market price.