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> Any discussion of monopoly must demonstrate harm to the consumer. Breaking up companies for breaking ups sake is not the spirit of antitrust law. Historicall
by pwinnski 4y ago
> Any discussion of monopoly must demonstrate harm to the consumer. Breaking up companies for breaking ups sake is not the spirit of antitrust law.
Historically this was not true, although it has been true in the U.S. since the 1970s. Historically it was understood that a lack of competition was itself harmful, regardless of whether the monopolist was benevolent or not.
In the case of technology, harm is more difficult to demonstrate. How do you quantify the harm done by the absence of new products or services launched? It's easy to say Company B undercut Company C until Company C went out of business after which Company B raised prices. It's harder to say Company A had such a strong position in the market that companies D-Q never got past step 1 before either shutting down or being acquired by one of companies A, B, or C. Harder to prove the absence is harmful, but there is still harm being done.
If nothing else, a company so large it engenders a fan base that will defend its every action is edging toward "too big to regulate" in a way that doesn't bode well.
For what it's worth, I'm not big on breaking up existing companies along arbitrary lines as much as I am on unwinding acquisitions. M&A activity is what I think is knee-capping technology, and Apple is less guilty of that than many others.