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by gress 4511 days ago
They are bad things if they empower an ever more powerful monopoly.
1 comments

Nitpick: Not all monopolies are bad (utilities, transportation, etc.)

The term you're thinking of is conglomerate, because Google has at least one competitor in every one of it's markets, which isn't a monopoly.

Nitpick: legally a monopoly doesn't require zero competitors.
> Legally

Only when getting fined for antitrust or monopolistic behavior, which doesn't mean it is a monopoly - only that a regulating body is trying to prevent it from eventually becoming one.

Definitively, mono-poly means one entity in the market.

I understand the etymology, however using that as a basis for reasoning is unhelpful since it's the legal and economic consequences in real-life that actually mean something.