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I think for a monopoly to exist, a single private entity needs to wield significant power over the conditions within an economic market; to the significant detr

by lwhi 5y ago

I think for a monopoly to exist, a single private entity needs to wield significant power over the conditions within an economic market; to the significant detriment of other entities which are also economically dependent on that market. Regulation helps capitalism work for more people, and keeps our society healthier. It's a good thing.

JumpCrisscross 5y ago
> within an economic market We’ve looped back to that term. What is an “economic market?” Precisely? In a way that makes the law grounded, predictable and extensible. I’ve struggled with this, too, by the way. The courts have as well.
- lwhi 5y ago
  I don't think it's nearly as complicated as you fear it is. However, I do think there is a lot of money depending on making the situation as complicated as possible — especially in the US. The fact the EU is managing to progress this type of matter, proves it's possible.
  - JumpCrisscross 5y ago
    > the EU is managing to progress this type of matter, proves it's possible Is it? The European Commission has no theory of a market, just an enemies list. It has never once in court sustained a succinct pitch on how to define a market for antitrust purposes in a way that snares big tech. Once in a while it settles for a fine and everybody moved on.
    - lwhi 5y ago
      In my opinion, the EU doesn't rely on litigation to define the economic landscape in the same way that the USA does. Catching out these corporations in order to lay a 'charge' shouldn't be necessary, when it's quite clear to most people that their behaviour is stifling competition. We simply need to implement the necessary legislation to enable a playing field which is able to serve a greater range of players.
      - JumpCrisscross 5y ago
        > We simply need to implement the necessary legislation to enable a playing field which is able to serve a greater range of players “We simply need to implement the necessary legislation” could be said about literally any problem. The EU has this figured out about as much as the U.S. does.
      - JumpCrisscross 5y ago
        > We simply need to implement the necessary legislation to enable a playing field which is able to serve a greater range of players “We simply need to implement the necessary legislation” could be said about literally any problem. The EU has this figured out about as much as the U.S. does. > the EU doesn't rely on litigation to define the economic landscape in the same way that the USA does The courts have been snubbing the European Commission’s expansive views of antitrust. In part due to a lack of any consistent definition of a market.
        lwhi 5y ago
        Well, I really hope these problems are solved iny lifetime. I find it maddening to see the corporations run rings around elected governments!

by lwhi 5y ago

JumpCrisscross 5y ago

> within an economic market We’ve looped back to that term. What is an “economic market?” Precisely? In a way that makes the law grounded, predictable and extensible. I’ve struggled with this, too, by the way. The courts have as well.

lwhi 5y ago
I don't think it's nearly as complicated as you fear it is. However, I do think there is a lot of money depending on making the situation as complicated as possible — especially in the US. The fact the EU is managing to progress this type of matter, proves it's possible.
- JumpCrisscross 5y ago
  > the EU is managing to progress this type of matter, proves it's possible Is it? The European Commission has no theory of a market, just an enemies list. It has never once in court sustained a succinct pitch on how to define a market for antitrust purposes in a way that snares big tech. Once in a while it settles for a fine and everybody moved on.
  - lwhi 5y ago
    In my opinion, the EU doesn't rely on litigation to define the economic landscape in the same way that the USA does. Catching out these corporations in order to lay a 'charge' shouldn't be necessary, when it's quite clear to most people that their behaviour is stifling competition. We simply need to implement the necessary legislation to enable a playing field which is able to serve a greater range of players.
    - JumpCrisscross 5y ago
      > We simply need to implement the necessary legislation to enable a playing field which is able to serve a greater range of players “We simply need to implement the necessary legislation” could be said about literally any problem. The EU has this figured out about as much as the U.S. does.
    - JumpCrisscross 5y ago
      > We simply need to implement the necessary legislation to enable a playing field which is able to serve a greater range of players “We simply need to implement the necessary legislation” could be said about literally any problem. The EU has this figured out about as much as the U.S. does. > the EU doesn't rely on litigation to define the economic landscape in the same way that the USA does The courts have been snubbing the European Commission’s expansive views of antitrust. In part due to a lack of any consistent definition of a market.
      - lwhi 5y ago
        Well, I really hope these problems are solved iny lifetime. I find it maddening to see the corporations run rings around elected governments!