4 ms·
> I think we need a better term than monopoly, I think you're right. It hides a lot. We do need a better understanding of the problems. But be careful what you
by nonrandomstring 2y ago
> I think we need a better term than monopoly,
I think you're right. It hides a lot. We do need a better
understanding of the problems. But be careful what you wish
for. Google being a monopoly is not a cause, but a symptom. Do a
little 5Y analysis. Even rolling it back one step;
Q. Why is Google/Microsoft etc a monopoly?
A. Because they bought up all the competitors.
So, a deeper problem is the very ability to buy and sell companies.
Is it "the market"? Yet it is possible to create articles of a company
as non LLC/Ltd so that it it can never be bought or sold. People don't
do this because they don't intend to "build a great product/company",
they intend to cash-out and sell a great company. These subtle
incentive structures really matter.
Dig deeper and ask things like "why do people only build companies to
sell?" There's more upsetting answers behind that one too.
In the end, if you want to say BigTech is not to blame and could not
do anything else but agglomerate into problematically large blocs then
we have to concede the environment and incentives of modern business
are harmful to the public/national good. The place to intervene is
then at the level of those values.
- nonrandomstring 2y agoSorry that was clumsy and insensitive of me to suggest values should go ahead of money.