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by jericsinger
5269 days ago
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Network-based business models have always tended toward monopoly (AT&T, ConEd, and Western Union, to name a few early US examples). The internet doesn't change this dynamic at all; rather, by providing the first (more or less) open network in history, it simply removed what used to be the greatest impediment to a networked business: the construction of the transmission network. The internet hasn't "changed" economics, it's just enabled a specific type of business model. |
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