>And yet, Google has near monopoly power over search. Facebook has near monopoly power over social media. Amazon is nearing monopoly power over internet retail

>And yet, Google has near monopoly power over search. Facebook has near monopoly power over social media. Amazon is nearing monopoly power over internet retail Absolute nonsense. These players have large market shares but that is not anything close to a monopoly. Bing, Walmart, and Twitter are just 1 second away. Here is a rule of thumb, if you can change companies in less than 5 minutes without getting dressed, they have nothing close to a monopoly. The reason they haven't "wielded their enormous power" is because people can so easily switch. That's not a problem monopolies or near monopolies have (see Comcast for an example of near monopoly behavior).