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Re:The Bad Economics of Wtfhappenedin1971 by 7thaccount on Friday January 26, 2024 @03:57PM (#39148224)
Yep. I understand their view, but I don't think it always holds.

Once an entity like Apple becomes Apple, it can't really be competed with in the traditional sense. The whole European Union likely couldn't create a new Apple if they wanted to due to inertia and the insane capital costs. Maybe I'm wrong, but I think that's more of a factor here.

I agree with the Libertarian view that a lot of firms don't want to compete, so they lobby for special protections that come out of the tax layers in a somewhat coercive manner. In some cases (national defense) I think it's acceptable, but probably not for all cases.

Re:The Bad Economics of Wtfhappenedin1971 by phpisthebest on Friday January 26, 2024 @05:15PM (#39149396)
>>Once an entity like Apple becomes Apple, it can't really be competed with in the traditional sense

That is odd be cause I have never used, and never will use an Apple product and I have access to all the same things that an Apple user does?

Apple is in no way a monopoly