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by jkestner
1670 days ago
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Let’s not focus too much on the use of ‘monopoly’, but why we care about monopolies. A company doesn’t have to have one to harm consumers and markets, and harm can be things other than high prices. See: Lina Khan. Some of the trust-busting policymakers’ discussions about tech products are painful to listen to, but it’s all trying to recalibrate anti-trust law to the rise of vertically integrated products, which have created amazing user experiences but but also high switching costs that create the conditions of a monopoly, without meeting the technical definition. |
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Because they are wrong.
> but but also high switching costs that create the conditions of a monopoly, without meeting the technical definition.
Because they are not monopolies.
If there is a problem, they should address that rather than trying to distort what is happening, otherwise they will simply make bad policies because they are being dishonest.