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Well, this is not a new problem. Antitrust enforcement and breaking up companies has been a thing for decades (if not at least a century) Starting with compani
by kevingadd 6y ago
Well, this is not a new problem. Antitrust enforcement and breaking up companies has been a thing for decades (if not at least a century)
Starting with companies that make over a billion dollars a year and are in multiple markets seems like an uncontroversial place, though.
- tonyedgecombe 6y agoStarting with companies that make over a billion dollars a year and are in multiple markets seems like an uncontroversial place, though. The problems don't occur when companies are in multiple markets, arguable that is better for competition and hence the person on the street. The problem is when a company or two dominates a single market.
- ijpsud 6y ago> The problem is when a company or two dominates a single market. It would also be bad if one company dominated multiple markets. (just a nit pick on your phrasing)
- kevingadd 6y agoYou're correct that dominating a single market is bad, but using your dominance of a single market to bankroll taking over other markets is pretty nasty and you can't trivially do something like that if you aren't already fabulously wealthy from dominating a market. In the case of the article, it's specifically talking about how Google is doing that.