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It frustrates me that we keep wasting time debating what is a monopoly or letting dead end lawsuits play out in the courts over years. The big tech companies wi
by blackeyeblitzar 2y ago
It frustrates me that we keep wasting time debating what is a monopoly or letting dead end lawsuits play out in the courts over years. The big tech companies will easily avoid consequences under the current framework. We need a totally new set of laws to deal with big corporations.
Not only should they be split up, but we need retroactive fines for all of the anti-competitive things they have done. Additionally, I think we need different taxes based on the size of the company and we also need regulations to ban certain practices like rent seeking in app stores or bundling in the case of Microsoft or loss leading when you are a large company. Any business built on network effects should be forced to be interoperable once it is big enough.
Finally, we need to recognize that some businesses that are very large are basically as influential as government agencies and as critical as a utility service. These companies should not be operating like a random private entity but should be regulated. As an example, the largest social media companies should be treated like common carriers or utilities.