Re:Why Amazon, Apple, Facebook, and Google Need to Be Disrupted
by Nomentatus on Friday February 09, 2018 @12:17AM
(#16338062)
Not so. The author praises economic efficiency, but understands its downsides and thinks some of the transition costs could be paid by four companies that are actually evading taxes other companies pay.
There aren't more of them for the reasons given in the article - they've been allowed to extend their monopolies so freely that now investors won't touch possible competitors 'cause they know they're already crushed. Extending a monopoly (actually, it's market power, not monopoly that matters) is illegal. But the U.S. decided these were their thugs, so they wouldn't touch them - just let them extinguish a competitive marketplace in area after area as they metastasized. That's how the U.S. has violated the principles of free trade and abused its economic partners, for decades. Now, the domestic cost to the U.S. itself is becoming clearer.
There aren't more of them for the reasons given in the article - they've been allowed to extend their monopolies so freely that now investors won't touch possible competitors 'cause they know they're already crushed. Extending a monopoly (actually, it's market power, not monopoly that matters) is illegal. But the U.S. decided these were their thugs, so they wouldn't touch them - just let them extinguish a competitive marketplace in area after area as they metastasized. That's how the U.S. has violated the principles of free trade and abused its economic partners, for decades. Now, the domestic cost to the U.S. itself is becoming clearer.