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> There's a clear tradeoff here between what's good for consumers, and concerns about democracy, the concentration of power, etc.. Actually, you can just leave
by kbenson 5y ago
> There's a clear tradeoff here between what's good for consumers, and concerns about democracy, the concentration of power, etc..
Actually, you can just leave it as tradeoffs between what is good for the consumer short term and what is good for the consumer long term.
Sometimes there are wider issues that affect democracy (e.g. social networks and information silos), but usually it's just an economic issue that people aren't looking at thoroughly enough.
The reason we try to stop monopolies before they happen is not because they are hurting consumers at that point. Often they are underselling competitors to achieve their monopoly so consumers benefit and love them. We stop them because after they have that monopoly they no longer have good incentives to keep being beneficial for the consumer, so we avoid the problem before it is one.