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And the problem is that Google, Apple, and Amazon face no competitive pressure. (This is why monopolies are basically the ultimate loophole in capitalist system
by ocdtrekkie 6y ago
And the problem is that Google, Apple, and Amazon face no competitive pressure. (This is why monopolies are basically the ultimate loophole in capitalist systems.) So short of breaking them up, governments need to introduce price ceilings that begin to make up for the lack of competition.
- trentnix 6y agoAll three are protected by the government in various ways. Amazons entire business was largely built by the government neglecting to enforce sales tax. They had an 8.25% advantage, for many many years, over every brick and mortar competitor in my area. Where monopolies (or more precisely, market dominance by a single player) exist, crony capitalism almost always exist.