4 ms·

Let’s not focus too much on the use of ‘monopoly’, but why we care about monopolies. A company doesn’t have to have one to harm consumers and markets, and harm

Let’s not focus too much on the use of ‘monopoly’, but why we care about monopolies. A company doesn’t have to have one to harm consumers and markets, and harm can be things other than high prices. See: Lina Khan. Some of the trust-busting policymakers’ discussions about tech products are painful to listen to, but it’s all trying to recalibrate anti-trust law to the rise of vertically integrated products, which have created amazing user experiences but but also high switching costs that create the conditions of a monopoly, without meeting the technical definition.

zepto 5y ago
> Some of the trust-busting policymakers’ discussions about tech products are painful to listen to, Because they are wrong. > but but also high switching costs that create the conditions of a monopoly, without meeting the technical definition. Because they are not monopolies. If there is a problem, they should address that rather than trying to distort what is happening, otherwise they will simply make bad policies because they are being dishonest.