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Why lawmakers are so interested in Apple’s and Google’s “rents”
- billytetrud 5y ago30% is egregious and unfair. I remember Facebook killed their app ecosystem by charging 30% rates. It had competition from other places, and so their prematurely milked ecosystem died. With mobile app stores, people are either funneled into the app store with no easy alternative (Android) or have literally no other option (iphone). Maybe 1% or 2% would be justified. But 30%? Clearly not
- JoeyBananas 5y agoThis article describes the phrases "rent-seeking" and "monopoly rent" as "antitrust jargon." I find this very odd because I thought these phrases had a clear association with communism. I have not actually read the works of Karl Marx, but it wouldn't suprise me if he was the one who coined these phrases. Although I don't deny that government intervention in the economy is sometimes necessary, I think it's down-right bizarre to see a Republican senator throwing these phrases around.