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It doesn’t really matter whether any of these companies are monopolies in the Sherman Act sense. That act was passed about 130 years ago and could never have po
by bww 5y ago
It doesn’t really matter whether any of these companies are monopolies in the Sherman Act sense. That act was passed about 130 years ago and could never have possibly envisioned the challenges presented by tech companies today.
What does matter is that these companies are very much engaged in the behaviors these bills would regulate. The point of the legislature is not to sit around and observe why a century-old law doesn’t technically apply to a modern problem, it’s to make a new law that does apply.
I don’t have an opinion on whether these bills are a good idea or not (although I definitely think big tech need some reining in). But whether or not these companies are technically monopolies has nothing to do with it beyond a bit of political rhetoric.