Hacker News new | ask | show | jobs
by mmkos 807 days ago
Free markets don't work. Corporations absolutely will abuse their position and power to establish monopolies wherever they can, blocking any new entrants to the market. I wonder how we (europeans) would ever regret regulation to stifle monopolistic behaviours from American behemoths.
1 comments

How many tech monopolies can you name?
As long as you don't interpret monopoly to have to mean 100% market share, but an overwhelming portion of the market, enough to be able to disrupt it, prevent any new entrants, and abuse the leading position without the fear of repercussions, plenty.

* Google in search, video, browser, email

* Meta in social media for massive age segments (what, 30-70?; younger than that may be on Snapchat/TikTok (too))

* Amazon in online retail, and specifically in online books and e-readers

* Microsoft in desktop OS and productivity suite, especially for business

If we go into oligopolies, where there are a very small amount of market players that can still abuse their position, we can also add video and audio streaming, mobile phones and tablets, CPU and GPU manufacturers, smart watches, etc.