2 ms·
Now that established players like the taxi companies have been driven out and a duopoly has taken hold, the remaining behemoths can practice price collusion. T
by rectang 7y ago
Now that established players like the taxi companies have been driven out and a duopoly has taken hold, the remaining behemoths can practice price collusion.
To paraphrase Leona Helmsley: Marketplace competition is for the little people.
The tech industry loves "free markets", not because of their theoretical benefit in fostering innovation, but because undefended marketplaces are vulnerable to network-effects hacking. Winning through great technology is hard, so what flourishes as a business model? Rent seeking.