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Imagine if you owned the electricity lines that ran around the city, and anyone who integrated an electrical appliance with 'your electricity' had to give you a
by jariel 7y ago
Imagine if you owned the electricity lines that ran around the city, and anyone who integrated an electrical appliance with 'your electricity' had to give you a 30% cut of their business?
Make a toaster? Apple gets 30% of that.
This is not new stuff. What Apple is doing is essentially anticompetitive.
Similarly, Google uses it's dominance in search to take over other categories.
I don't see a single politician who seems to understand the issue well enough, and 90% of them seem to have no clue. But I think that possibly Elizabeth Warren would actually be useful if she didn't overreach. (FYI this is absolutely not a political point, I'm not supporting left/right/Dem/Rep or any view and not even supporting someone's candidacy - I'm saying she's one of the few candidates that seems to be interested in this, and maybe has a grasp of it).
We have to be really careful with regulation, but I think there are a handful of anticompetitive, labour, and privacy regulations that would make America an even better and more competitive landscape.
By the way - the unspoken elephant is China dumping on tech landscape as well. There is a reason that trade agreements have an issue with government subsidies of businesses. Dumping is more obvious with commodities, but it's the same thing with other companies, i.e. Huawei, and it will creep into others (Zoom?). It needs to be at least looked at.