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The article starts by saying The problems of monopolies arising through network effects, and the negative effects of the lock-in that results, are familiar eno
by CWuestefeld 15y ago
The article starts by saying
The problems of monopolies arising through network effects, and the negative effects of the lock-in that results, are familiar enough.
But then it goes on to talk about the problems of a monopoly that was created not by network effects, but because of governmental dictate.
The lesson here ought to be that government ought not to be so heavy-handed, because it can't change its own regulations quickly enough to address the naturally-changing business and technological environment.
- rbanffy 15y ago> created not by network effects, but because of governmental dictate. Let's assume Microsoft had nothing to do with convincing South Koran government it would be a great idea to use a government dictate to further their network effects. The real lesson here is that governments should never get in bed with the private sector and, when they do, both sides should be punished. Severely.