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I think fear of China is a common bogeyman to throw out to try to avoid tech regulation. And I don't feel it's a very compelling argument: Tech monopolies squas

I think fear of China is a common bogeyman to throw out to try to avoid tech regulation. And I don't feel it's a very compelling argument: Tech monopolies squash newer, more innovative competitors. The monopolies are holding us back. For all of the innovation you may believe tech monopolies have accomplished, it pales in comparison to what we'd accomplish without them in a competitive environment where the best technology wins, instead of the biggest monopoly. The ability to foster rapid, zealous competition is the strength of capitalism and it's what we have over China. We need to get the established corporate entities using their market power to harm competition out of the way.

lumost 7y ago
This is only true in a world where the barrier to entry is low, and innovation is "cheap". There is a possibility that true innovation on the internet is becoming expensive e.g. how much does it cost to gain a 1% relevance improvement in search results? how much does it cost to take photos of every street corner twice as often as google?
jameslk 7y ago
Wouldn't opening up competition to other companies be exactly the reason why such non-US competitors may be able to acquire more market share? The only way I could see the US being able to regulate non-US competitors who grow too large is to fine them, such as what the EU does. Although that may not be enough to stop them from acquiring market dominance and may cause retaliation (such as the current trade war). To be clear, I'm not a shill for these big tech companies. I don't currently work in any of them nor have stock in any. I'm concerned about their dominance, stifling of competition and their use of market position to render consumers powerless just as much as you may be.
- joe_the_user 7y ago
  It's hard to see search as anything but a winner takes all affair. If you have the best results, why wouldn't the world come to you?
deleted 7y ago
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lumost 7y ago

This is only true in a world where the barrier to entry is low, and innovation is "cheap". There is a possibility that true innovation on the internet is becoming expensive e.g. how much does it cost to gain a 1% relevance improvement in search results? how much does it cost to take photos of every street corner twice as often as google?

jameslk 7y ago

Wouldn't opening up competition to other companies be exactly the reason why such non-US competitors may be able to acquire more market share? The only way I could see the US being able to regulate non-US competitors who grow too large is to fine them, such as what the EU does. Although that may not be enough to stop them from acquiring market dominance and may cause retaliation (such as the current trade war). To be clear, I'm not a shill for these big tech companies. I don't currently work in any of them nor have stock in any. I'm concerned about their dominance, stifling of competition and their use of market position to render consumers powerless just as much as you may be.

joe_the_user 7y ago
It's hard to see search as anything but a winner takes all affair. If you have the best results, why wouldn't the world come to you?

deleted 7y ago

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