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If we protect out markets from all monopolies, foreign included, we'd end up with tons of competitive companies all scrapping to be the best. Instead what we've
by ProjectArcturis 5y ago
If we protect out markets from all monopolies, foreign included, we'd end up with tons of competitive companies all scrapping to be the best. Instead what we've got now are monoliths that will gradually ossify into cable-company levels of innovation and customer service. Breaking up domestic monopolies would be one of the best things we could do to compete internationally.
- andreilys 5y agoBreaking up domestic monopolies would be one of the best things we could do to compete internationally. International monopolies will be able to expand into the US and burn cash to acquire users and grow market share. Then when they've run all domestic companies out of business, they will raise prices.
- acituan 5y agoUS monopolies couldn't penetrate into China without the Chinese government's say so. Xiaomi had its share of US and Indian sanctions (albeit temporarily). The problem is not only competition in US or Chinese as markets; it is also about global markets.
- deleted 5y ago[deleted]
- cercatrova 5y agoWhy do you assume that the US wouldn't block foreign monopolies as well?