Re:Google pays ‘enormous’ sums to maintain search-engine dom...
by dredmorbius on Saturday September 10, 2022 @04:01AM
(#32788788)
There's a difference in exclusive dealing by a market leader and by a new entrant.
Of course, if and as a new entrant garners increased share, rules should change to reflect that.
The problem is that market dominance tends to be a positive feedback loop, for reasons not associated with actual product superiority. Ultimately it quashes choice, competition, new innovation, and the like.
Current US antitrust legal theory mostly ignores this based on the Bork / Posner / Director (all Chicago School) tradition. See Cory Doctorow's new book Chokepoint Capitalism for a revised take: <https://doctorow.medium.com/what-is-chokepoint-capitalism-b8...>
Of course, if and as a new entrant garners increased share, rules should change to reflect that.
The problem is that market dominance tends to be a positive feedback loop, for reasons not associated with actual product superiority. Ultimately it quashes choice, competition, new innovation, and the like.
Current US antitrust legal theory mostly ignores this based on the Bork / Posner / Director (all Chicago School) tradition. See Cory Doctorow's new book Chokepoint Capitalism for a revised take: <https://doctorow.medium.com/what-is-chokepoint-capitalism-b8...>