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by ColinWielga 2893 days ago
I recently learned a new word: monopsony. That is, a market where single buyer has enough market power to dictate the terms of sale.

If google is not a monopsony they are certainly very close. This is reflected in the margins of online publishers vs those of google. If you want to publish content online, you have to do it on googles terms.

This degree of market power over the flow of information frankly makes me pretty uncomfortable.