3 ms·

no, winner-take-all markets being natural is one of those fibs economists have been incentivized to 'discover'. it's shrouded in numeracy to make us shrug and a

no, winner-take-all markets being natural is one of those fibs economists have been incentivized to 'discover'. it's shrouded in numeracy to make us shrug and accept our poor lot in life. even with capital-intensive markets, if kept fair, can attract enough competition over the long term to keep monopolization in check. if you look close enough at any monopolized market, you'll find a bunch of underhanded distortions that drove it into that state (e.g., regulatory capture, bribery, collusion, etc.), rather than it evolving naturally due to intrinsic properties of the market/industry. finance for instance has an underbelly of insider information being traded constantly, just as hollywood (and nyc real estate) is choked by cartel behavior (production and labor at least).

AnimalMuppet 5y ago
Let's take a look at some winners in winner-take-all markets, Facebook, Google, and Amazon. Is Facebook's dominance due to regulatory capture? No. (You could argue lack of adequate regulation, but that's not what we usually mean by "regulatory capture".) Is it due to bribery? No. Collusion? No. Same with Google. No, no, and no. Amazon? No, no, and no. (You could make a case for collusion with Microsoft...)
- clairity 5y ago
  all of those companies, including ms, have faced numerous fines and sanctions for anti-trust/anti-competitive behavior. these are some of the worst examples you could have raised. they all cheated, heavily and brazenly.
  - AnimalMuppet 5y ago
    Don't just claim. Prove. How, exactly, did Google cheat? What was their anti-trust behavior? Et cetera. (Don't bother trying to prove it with MS; I already know what they did.)
    - ItsMonkk 5y ago
      Google's golden goose is their tracking. Between their ad networks, Android, and Chrome, and their own search engine, they know every single page that most people view. They can then use that data to work out what to display for searches. The reason that Google Search punishes slow loading sites, as proven by the AMP 'nice comparative boost' controversy, is because most of the time a page loads slowly is because it has multiple ad network trackers on it. Google will do anything to stop a page from doing that. The good news is this stuff is already being called out for anti-trust issues.
      - deleted 5y ago
        [deleted]
  - Talanes 5y ago
    Definitely a weird time to try and claim that neither Facebook or Google got ahead by any sort of collusion.

AnimalMuppet 5y ago

Let's take a look at some winners in winner-take-all markets, Facebook, Google, and Amazon. Is Facebook's dominance due to regulatory capture? No. (You could argue lack of adequate regulation, but that's not what we usually mean by "regulatory capture".) Is it due to bribery? No. Collusion? No. Same with Google. No, no, and no. Amazon? No, no, and no. (You could make a case for collusion with Microsoft...)

clairity 5y ago
all of those companies, including ms, have faced numerous fines and sanctions for anti-trust/anti-competitive behavior. these are some of the worst examples you could have raised. they all cheated, heavily and brazenly.
- AnimalMuppet 5y ago
  Don't just claim. Prove. How, exactly, did Google cheat? What was their anti-trust behavior? Et cetera. (Don't bother trying to prove it with MS; I already know what they did.)
  - ItsMonkk 5y ago
    Google's golden goose is their tracking. Between their ad networks, Android, and Chrome, and their own search engine, they know every single page that most people view. They can then use that data to work out what to display for searches. The reason that Google Search punishes slow loading sites, as proven by the AMP 'nice comparative boost' controversy, is because most of the time a page loads slowly is because it has multiple ad network trackers on it. Google will do anything to stop a page from doing that. The good news is this stuff is already being called out for anti-trust issues.
    - deleted 5y ago
      [deleted]
- Talanes 5y ago
  Definitely a weird time to try and claim that neither Facebook or Google got ahead by any sort of collusion.