5 ms·
Again, mindless arguing what exact word fit or does not fit the situation detracts from the real issues.
by doukdouk 6y ago
Again, mindless arguing what exact word fit or does not fit the situation detracts from the real issues.
- Spivak 6y agoIf the only thing the word "monopoly" does is spark a discussion about the word then why use it? Why is it so important that Google be a monopoly for their behavior to be bad? Do we really have no other words to describe business practices that we don't like?
- doukdouk 6y agoBecause it is generally accepted that monopolies are bad and that not-monopolies are ok. It is much easier to sell the simple idea that "X is a monopoly, so split X", than to make a long case that "X does Y and Z which meet ABC definition of unfair use of market position, bla bla bla, so split X". Conversely, for a company in the wrong, it is easier to say "Of course monopolies are bad, but we are not a monopoly!".
- stale2002 6y ago> or we really have no other words There are other words, but it is a bit of a mouthful. Because of these exact issues, the way that I describe the situation is usually as follows "Company X has significant market power, and is engaging in anti-competitive actions". I have yet to have someone object to that definition.