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I think there are such strong network effects for many of these companies that competition is unrealistic. They are in many ways like power grid operators: Inf
by Certhas 9y ago
I think there are such strong network effects for many of these companies that competition is unrealistic.
They are in many ways like power grid operators: Infrastructure. They should be regulated as such.
Edit: Since there are some downvotes here, let me clarify what I think regulation should look like:
Visa/Stripe/PayPal/Amazon/Facebook have to service every business that is not illegal under non-discriminatory terms. (Like F/RAND for technical standards.)
Simple rule. One they can point to when moral guardians come knocking and demand they stop doing business with the devil.