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Why are monopolies a problem? Because they stifle competition? Why is this? Because they control a market or ecosystem to the point where they can very very eff
by 6AA4FD 6y ago
Why are monopolies a problem? Because they stifle competition? Why is this? Because they control a market or ecosystem to the point where they can very very effectively prevent new players from entering it. If we have an ecosystem that a large number of our citizens are affected by and it is very hard for a new company to compete with a few established players, then there's a risk of many of those citizens getting "the short end" because the companies controlling the ecosystem have no incentive to competitively price anything. I think that's as good a reason as any to consider busting a monopoly.
- scarface74 6y agoNone of the big tech companies “control” an ecosystem. Users voluntarily choose that ecosystem because of network effects. Every major tech company’s product has a viable alternative.