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by beat
3795 days ago
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No, he opposes the robber baron approach. He prefers indirect monopolies, built on technical advantage rather than force. His canonical example is Google. They have a monopoly - on search. Do they charge for search? No. They make money indirectly off their monopoly. And they maintain that monopoly by technical superiority. Anyone could write a search engine, and some have tried (Microsoft!). But the monopoly is natural, not a product of force. |
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