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by CodiePetersen
2561 days ago
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Well, I actually mention other "too big to fail/drop" tech companies. All four that you mention I think fall under that category. A lot of tech companies touch everything. Google isn't just a search engine company, its AI, it's telecommunications, its software, its hardware. It's not a vertical monopoly its a horizontal one. The same with several of the others you mention. So of course they are going to "compete" with one another. But it's actually not competition if you think about it. Apple hardware specifically only works with Apple stuff for example. Microsoft back in the day was getting all sorts of crap for not allowing removal of of IE and other anti competitive practices. But today we see whole business built up around even more egregious anti-competitive practices. That's not competition that's literally a new market. I think that what has happened is that tech has exploded so rapidly and our congressional members (in the US) so out of touch with the tech industry that many of these companies operate mostly unhindered. This is a new age where thoughts can be typed up on a computer and the very next day you can start defining the future. Just look at bitcoin, barely 10 years old and already as the market cap of a small nation's GDP. When a company's actions directly impact the well being of a nation, either economically, physically, socially, or politically, it is the government's job to step in and ensure that the best course of action is taken to protect citizens. We setup farming subsidies to ensure predictable quantities of food are available for the population at predictable prices. When oil and steel were vital for our nations growth, we broke them up and invented laws to ensure that no single entity could influence the health of the nation. I happen to believe we just need to break them up. They have enough products that each can become their own companies. Now I might be wrong, this is kind of a new situation, but we do have to do something, I think that is pretty clear. But I don't think normal market forces will fix this by itself. I do agree with what you are getting at though, it is messy and there are a lot of unknowns. What I don't agree with though is that it can just be ignored by switching to another product or service and it will go away. |
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