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I realize this is probably not a popular opinion but Amazon, Google and Facebook are natural monopolies in the businesses they operate in. That is to say the op
by bitxbit 7y ago
I realize this is probably not a popular opinion but Amazon, Google and Facebook are natural monopolies in the businesses they operate in. That is to say the optimal market structure in almost all internet businesses is high concentration with a single organization controlling +80% of market share. So breaking up these organizations doesn’t necessarily solve the problems we are facing today. This is not an antitrust issue. Economically speaking, it will likely be impossible to prove that someone like Amazon behaved in a anti-competitive manner. Same goes for Google. Facebook is the only one I can see broken up largely due to all the negative publicity.
- Nasrudith 7y agoThose markets are pretty "winner takes most". Not quite sure if I would call it a monopoly per say as anyone can compete but few can scale close. I would expect most would agree the network effect serves them well - although all may fall in the face of a new competitor who actually manages to be "better" - especially if they do something stupid.