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> Since I'm a consumer, and not Yandex or Microsoft, I'm cheering for Google. Monopolies are only good for the consumer in the short term and good for only the
by cscurmudgeon 11y ago
> Since I'm a consumer, and not Yandex or Microsoft, I'm cheering for Google.
Monopolies are only good for the consumer in the short term and good for only the monopolist in the long term.
The same situation played out a 100 years or so back with Standard Oil.
- icebraining 11y agoThe same situation played out a 100 years or so back with Standard Oil. Good example. In 1904, Standard Oil controlled 85%-90% of the market. By the time the lawsuit was filed, mere two years later, they had already lost 15% of that, and by the time it was concluded, they only controlled 64%, due the the 147 competitors that were eating their business. Also, there no evidence that they actually raised prices to the consumer.