|
|
|
|
|
by dTal
3059 days ago
|
|
What exactly constitutes "malevolence", in your view? The disadvantages of monopolies are inherent and extend far beyond mere price gouging. Your argument seems to be that if a monopolistic company doesn't innovate (at the same pace they would if they had stiff competition) then some nimble upstart will easily overtake them. But that's not how the world works. If the incumbent has all the patents and all the money, nimble upstarts can be combatted in all sorts of ways beyond "fair" competition - they can buy them (as Facebook does to all upstart social networks that gain a foothold), sue them unfairly and bleed them dry (as Creative did to Audigy), or use their market position to change the rules faster than a competitor can keep up (Microsoft's "embrace, extend, extinguish" strategy). Of course, if you won't accept any example of monopoly that involves unfair government privilege, you neglect the fact of regulatory capture - once a company gets to a certain size, it can often buy its way into an unfair advantage (this is the usual order of things, rather than government arbitrarily picking a company and then it becoming a monopoly). |
|
> If the incumbent has all the patents
Is that not a form of government licensing?
> sue them unfairly and bleed them dry (as Creative did to Audigy)
Is that not exploiting flaws in the governing system? Wouldn't the best solution be to fix the flaws, rather than create a workaround to attempt to fix abuses of more fundamental problems?
> you neglect the fact of regulatory capture - once a company gets to a certain size, it can often buy its way into an unfair advantage
I don't neglect that at all -- that is the problem to solve. Obviously, humans are not perfect so no government will ever be, but we should strive to solve more fundamental problems than to layer our legal system in thousands of pages of bandaids, which have done nothing to solve the Comcasts of the world.
Do you disagree?