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A possible fix. If someone owns more than 40% of the market in any service area / aspect, regulate as a utility. Force open documentation of processes and pra
by mjevans 5y ago
A possible fix.
If someone owns more than 40% of the market in any service area / aspect, regulate as a utility.
Force open documentation of processes and practices (including weights for algorithms, etc).
Force interoperability requirements to break lock-in and make it easier to use other tools and services. (Anti AT&T device rental / must use the closed source client software.)
If above 60% market share in a service area limit profits as a price-regulated public utility.
- 5040 5y agoWhat would this mean for a small town? No one would want to open the first bakery, the first hair salon, the first bait shop, etc.
- mjevans 5y agoInsufficient population to establish independent relevance. Probably the 'market' would be a county or set of counties in that case. Likely within that region the only monopolies (in the US anyway) would be Walmart, chains of stores like 'dollar general', and maybe tractor / farm supply services.