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by jacksmith21006 2942 days ago
But is it the fault of Google their competitors are weak? Should we now reward creating a better product? You can use whatever search engine you want and Bing is actually two less charcters it just sucks so no one uses. That is not the fault of Google is it?

Look at browsers and Google has most of the market even though you have to download to get when the PC comes with MS browser. Why?

Google came late to search as well as browsers and simply won because of a much better product that continue to improve far faster than competitors. Why on Earth would we penalize this?

1 comments

Being a monopoly is fine. The problem starts when a company abuses it's monopoly power.

It doesn't make any sense to say a company that has achieved monopoly status can abuse its power as long as they acquired their monopoly legitimately.

> Being a monopoly is fine. The problem starts when a company abuses it's monopoly power.

This is dangerously incorrect. A market economy requires competition to function correctly. Any monopoly — but especially one in a major market — is a hazard to the health of the broader economy and the society that depends upon it.

See: https://www.yalelawjournal.org/article/amazons-antitrust-par...

> The long-term interests of consumers include product quality, variety, and innovation—factors best promoted through both a robust competitive process and open markets. By contrast, allowing a highly concentrated market structure to persist endangers these long-term interests, since firms in uncompetitive markets need not compete to improve old products or tinker to create news ones.

I'm talking legally and from a US perspective.