3 ms·
> Google set themselves up to be the next Microsoft Google became a monopoly. All monopolies do this.
by themafia 9mo ago
> Google set themselves up to be the next Microsoft
Google became a monopoly. All monopolies do this.
- cyanydeez 9mo agothere's a step before that. Google is a pure capitalist enterprize>pure capitalism goes to monopoly>all monopolies do this.
- braiamp 9mo agoPure unregulated market, that doesn't guarantee free market assumptions does that. Capitalism doesn't need it. Without mechanisms that allow for the free entry/exit of competitors, fair and simultaneous access to information, preventing cartels/price fixing, .... a bunch of assumptions for perfect free market to happen, the market will tend towards monopolies due cumulative advantage (in econ. known as Matthew effect), since small advantages compound into dominance.