2 ms·
Yeah, that's the whole problem. "Monopoly" has become a generic and unspecific term, but it's still very politically significant. So laypeople cry for X company
by dahfizz 7y ago
Yeah, that's the whole problem. "Monopoly" has become a generic and unspecific term, but it's still very politically significant. So laypeople cry for X company to be regulated "because they're a monopoly" without having to have any sort of actual objective backing.
The point OP is making, and you seem to agree with him, is that we shouldn't overload the terms. "Monopoly" is a very specific enconomic term, a political term, and a subjective layterm used to portray large companies negatively. Bundling all those meanings together creates miscommunications.
- nabla9 7y agoMy point is that just because word "monopoly" is used as a shorthand for more accurate term "monopoly power" it don't make calls for regulation any less important.