Re:Epic win: Jury decides Google has illegal monopoly in app...
by mschuster91 on Tuesday December 12, 2023 @11:41AM
(#38614572)
Agreed, particularly in agriculture and other rural scenarios it's very common that there is effectively one seller/purchaser for entire classes of goods. But there is barely any government oversight authority to watch over these or where any affected party can raise grievances.
Re:Epic win: Jury decides Google has illegal monopoly in app...
by tomnipotent on Tuesday December 12, 2023 @11:51AM
(#38614737)
Except the US government is constantly opening antitrust cases and successfully prosecuting violators on a monthly basis, you probably just never hear about it.
Some markets only support a natural monopoly though. If you forcefully break up every monopoly you'll always be in court, because after winning the case and breaking up a company, the next natural monopoly will form within a few years.
The best compromise is to only go after them if they're abusing their position. I agree the standards for that are too low though.