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Bell Telephone had a government monopoly on their primary line of business. They had the luxury of being able to spend money on pure research without worrying a
by throwawayboise 5y ago
Bell Telephone had a government monopoly on their primary line of business. They had the luxury of being able to spend money on pure research without worrying about the competition.
- systemvoltage 5y agoBig Tech is essentially constantly fighting to not appear as monopolies. They for all intents and purposes, monopolies or duopolies. > In a 449-page report that was presented by the House Judiciary Committee’s Democratic leadership, lawmakers said the four companies had turned from “scrappy” start-ups into “the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.” The lawmakers said the companies had abused their dominant positions, setting and often dictating prices and rules for commerce, search, advertising, social networking and publishing. https://www.nytimes.com/2020/10/06/technology/congress-big-tech-monopoly-power.html https://www.nytimes.com/2020/10/06/technology/congress-big-t...
- mikro2nd 5y agoThis is nonsense because, in the same era, IBM, HP and others (later Sun) ran R&D labs that published some of the most highly-regarded research journals available anywhere.