4 ms·
Sure, innovation and competition are good. Monopolies aren’t even inherently bad as long as they achieved it naturally and don’t abuse their monopoly position.
by UncleEntity 4y ago
Sure, innovation and competition are good. Monopolies aren’t even inherently bad as long as they achieved it naturally and don’t abuse their monopoly position.
What is bad is predatory tactics like running at a loss because you know it will put the competition out of business then raising prices to their true cost like Uber does. Ironically they still can’t make a profit without abusing their “employees” for whatever reason, probably because the margins are so low in that industry it can’t support multiple multi-billion dollar mega-corporations.