5 ms·
> Much of their earnings go back to Monotype, which takes a 50% cut of every sale on its site. (Creative Market similarly takes a 50% commission fee, while Etsy
by toyg 3y ago
> Much of their earnings go back to Monotype, which takes a 50% cut of every sale on its site. (Creative Market similarly takes a 50% commission fee, while Etsy charges 20 cents per listing and takes a 6.5% fee for every sale.)
This is an aspect of one (if not "the") major issue for capitalist economies in this century. A functioning capitalist market must have effective and fit-for-purpose anti-monopolistic measures. In the era of the web, this means:
- separating content distribution (i.e. stores) from platform development (i.e. OSes, but also font-making tools, etc) and content itself (i.e. apps, fonts, movies)
- capping distribution fees. Anything above 10% is obscene.
Businesses should not be allowed to turn content-acquisition sprees or platform development into market-making distribution channels that result into self-reinforcing monopolies. Businesses should not be allowed to arbitrarily held entire production sectors effectively to ransom, imposing fees that in every other sector would be called exploitative and illegal.
Amazon, Google, Apple, Monotype - they are all aspects of the same problem. Anyone serious about ensuring a lively competitive landscape in modern economies should try to fix this problem. Otherwise, by 2050 the economic landscape will be dominated by immovable rent-extracting giants that will hoover every cent and limit innovation.