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Google: a natural monopoly?
- ZeroGravitas 17y agoWho is this James Stewart guy and why is he acting so dumb regarding monopolies? First why redefine the standard economics term "Natural Monopoly"? http://en.wikipedia.org/wiki/Natural_monopoly http://en.wikipedia.org/wiki/Natural_monopoly Why then define this new thing he names a 'natural monopoly' as 'lawful' when he himself points out that monopolies aren't illegal, only abusing monopoly power. Which is an interesting paradox, as this Stewart character claims monopolies aren't necessarily bad, when standard economics claims they are, and standard law allows them only to the degree that they don't maximise profits in a way that is not only allowed but encouraged in any other business i.e. you can be a monopoly, as long as you don't act like one.