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Getting an advantage by having more money than everybody else isn't a monopoly. That's just the garden-variety unfairness of capitalism.
by brundolf 5y ago
Getting an advantage by having more money than everybody else isn't a monopoly. That's just the garden-variety unfairness of capitalism.
- Jensson 5y agoUsing lots of money to buy up all supply isn't just "garden-variety capitalism". Buying all available supply is a way to become a monopoly. You got there by having lots of money, but after you get there you are the monopoly. Although most would argue that lower end architectures are perfectly fine replacements, so Apple gets an edge here but can't be said to be a monopoly.
- ClumsyPilot 5y agoIt's probably market manipulation, rather than monopoly.
- Jensson 5y agoBuying all supply is usually called "monopolizing".
- ClumsyPilot 5y agoThats true in popular disource, but there are like 20 different forms of unfair competition, ranging from collusion to dumping. I don't have the nessesary background to know which one is applicable, but I think monopoly is not the right one.