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And at what point is a company too powerful that doesn't meet the traditional, and frankly outdated, view of a monopoly? Amazon owns and controls entertainment,
by bmitc 3y ago
And at what point is a company too powerful that doesn't meet the traditional, and frankly outdated, view of a monopoly? Amazon owns and controls entertainment, news, journalism, books, movies, products, furniture, space/satellite services, backend services, storefronts, medical care, pharmacies, food, etc. They literally control, own, and/or provide every aspect of life. Are they the only ones in each of those areas? No. But they are one of the few, if not the only one, in all of those areas at once.
Technology, and in particular software, has greatly outpaced the definition of monopolistic power. Amazon and all the other large tech companies wield so much power it is scary. And they can literally just buy into any market they please with hardly any push back.