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… and the internet overlords, like Google and Facebook.
by classified 4y ago
… and the internet overlords, like Google and Facebook.
- Animats 4y agoThose were never regulated. Industries where the network effect is so strong it leads to monopoly used to be rare. In the early days of antitrust, only railroads, street cars, gas, and electric companies had extremely strong network effects. Competition didn't work. So those industries were regulated into common carriers or regulated utilities. Today far more industries have strong network effects. But that's another topic.