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Antitrust laws should be modernized to force oligopolies to charge reasonable fee once you became huge platform. This happened in many European countries where
by jakozaur 8y ago
Antitrust laws should be modernized to force oligopolies to charge reasonable fee once you became huge platform.
This happened in many European countries where CC fees are less than 1%, where in USA it is 2-3%.
Same as electricity is natural monopoly with somewhat regulated prices, modern platform distort the economy power. It destroys competition and create winner take all market.
Apple fees should be determine be independent body, but I feel they should not be larger than 10% for one-time purchase and 5% for recurring charges.