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by dreamfactored
3206 days ago
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Monopolies are bad for consumers. The Chinese government is protecting Chinese markets from global monopolies (and also acting as the world's biggest innovation VC). Other countries have been asleep at the wheel and are only just starting to wake up with uber and airbnb. (Also the fact that fb has been caught targeting Kremlin propaganda to voters in foreign elections makes me wonder if they will get shuttered in a lot of places. And Twitter can only be next.) |
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The fact that the Chinese sanctioned companies become monopolies themselves is even more proof that it's about nationalism than protection from monopolies.