Re:Google says it doesn't monopolize digital ad market – sen...
by sam_goody on Wednesday September 16, 2020 @09:29AM
(#24492492)
It's a loose comparison, but a monopoly is like monarchy, competition is like democracy.
If a country has a king that is truly capable, caring and trusted, he can get a lot of things done that no other system can compete with. If he is Robert Mugabe, tough luck.
If the country has a democracy, there is limit to the amount of damage any one leader can do. And there is a hope that over time, the system will promote the "better" leader.
Similarly, when there is on a monopoly, and the leaders really care about developing the space, lots of good can come of it. Such as AT&T for a time, and IMO Google back in Sergey Brin's days as CEO.
But when they have gone south, it brings down the whole sector. Whereas with competition, there is a limit to the stagnation and anti-consumer behavior, and a hope that the favored companies will generally prevail.
Over the long run, I am pretty sure that democracies / competition is the better bet for progress.
<OT> Abrahamic religions pine for a king who will be perfect (a "Messiah"), since that has the benefits without the risk. Meanwhile, the religions compete with each other, which is a arguably better than if one had complete control.</OT>
If a country has a king that is truly capable, caring and trusted, he can get a lot of things done that no other system can compete with. If he is Robert Mugabe, tough luck.
If the country has a democracy, there is limit to the amount of damage any one leader can do. And there is a hope that over time, the system will promote the "better" leader.
Similarly, when there is on a monopoly, and the leaders really care about developing the space, lots of good can come of it. Such as AT&T for a time, and IMO Google back in Sergey Brin's days as CEO.
But when they have gone south, it brings down the whole sector. Whereas with competition, there is a limit to the stagnation and anti-consumer behavior, and a hope that the favored companies will generally prevail.
Over the long run, I am pretty sure that democracies / competition is the better bet for progress.
<OT> Abrahamic religions pine for a king who will be perfect (a "Messiah"), since that has the benefits without the risk. Meanwhile, the religions compete with each other, which is a arguably better than if one had complete control.</OT>