4 ms·
The EU is different than the US. The EU has country club culture of old families that stay off each other’s turf. That used to be the case in the US where air
by jcampbell1 4y ago
The EU is different than the US. The EU has country club culture of old families that stay off each other’s turf. That used to be the case in the US where airlines split routes, and the cable business is still a mess. Steve Jobs tried to pull that shit with programmer salaries. Frankly I have little issue with US monopolies as many you list only make a 10% margin. I’d rather pay T-Mobile $27 than the $30 I currently pay, but I am not all that upset about it. An Epipen is $600. That is due to the FDA only approving 1 device with $0.10 worth of epinephrine, when the EU has 6 choices all less than $100. Bad government policy can screw us. It would be really nice if the US government relaxed the regulations on a drug invented in 1910 combined with a spring.
I’m not disagreeing with you but I just feel like I am as likely to get screwed by regulatory capture as natural monopolies. Wild west entrepreneurial capitalism is a decent antidote to crony capitalism which thrives with regulation.
MBS, Putin, Biden, Trump, Xi all want power over industry, media, and education. I question how much I want a savior empowered by the law and a duty to save us from monopolies and tycoons. Elon Musk seems to be creating a monopoly on space access and he is high on the scale of douchbag, but he is unlikely to make my life worse. Even if he controls space.
From a monopolistic standpoint, you have to laugh at Zuck getting a Fuck from Chinese TicTok. It may not be good, but he isn’t cronies with Mr. Zhang.
It is also worth acknowledging that most of the audience here has benefited directly or indirectly from the obscene profit margins that the US tech scene has created. Complaining about monopolies is biting the hand that feeds. Ignore any negativity as the choir here gets the rich milk of profit margins which have historically only ever been created by monopolies.
What makes me laugh is that the US military and US fracking means we Americans get the good life and high programmer salaries because US tech is immune while Europeans hang their laundry outside.