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Re:Adam Smith did not mean what he is often made to say (1998) by goodpoint on Sunday March 13, 2022 @07:05PM (#30666657)
> As for Market dominance, since when was being popular and making products a lot of people like and value somehow abhorrent?

Please argue in good faith...

https://www.oecd.org/competition/abuse/

Re:Adam Smith did not mean what he is often made to say (1998) by simonh on Monday March 14, 2022 @04:06AM (#30669646)
I am arguing in good faith. The example specifically called out, not by me, was Apple. If the majority of Apples profits come from market abuse, how do you explain the fact that their profit margins now are about the same as they were when they were a small minority player in markets? In fact they still are in most of the markets they compete in.

Surely market abuse should allow them to significantly expand profitability, but it hasn’t. Overall profits yes, but that’s just because they have higher sales now.

There are some companies I would agree do abuse their positions significantly to distort markets. Google and Facebook have been caught explicitly doing so.