4 ms·
The creation of a monopoly is always desirable for the company owners, so tech isn't unique in this respect. I think the main distinguishing feature is that bi
by SiempreViernes 1y ago
The creation of a monopoly is always desirable for the company owners, so tech isn't unique in this respect.
I think the main distinguishing feature is that big IT companies are new, so the bad outcomes of tech monopolies are only now being recognised and so competition authorities have been slow to act.
- gessha 1y agoInnovative monopolies are supposed to be temporary because IP and trade secrets only get you so far. They’re not supposed to be state-backed, sponsored and protected, at least not in a country with functional antitrust laws. The US is also exceptional in its capacity to flex its dollar muscles and enforce DMCA on other countries stifling innovation.