Re:More startups should take on monopolies
by bamboozled on Saturday March 02, 2024 @11:04PM
(#39578322)
So what you’re saying is capitalism is broken or “has evolved” ?
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Re:More startups should take on monopolies
by toomuchtodo on Saturday March 02, 2024 @11:19PM
(#39578387)
Matt Stoller refers to it as “Counterfeit Capitalism.”
https://www.thebignewsletter.com/p/counterfeit-capitalism-wh...
https://www.forbes.com/sites/patrickwwatson/2019/02/27/fake-...
https://www.wiley.com/en-us/The+Myth+of+Capitalism%3A+Monopo...
Re:More startups should take on monopolies
by AndrewKemendo on Sunday March 03, 2024 @12:03AM
(#39578552)
It’s not new though
Teddy Roosevelt was known for trust busting
The business plot was literally bankers trying to stage a coup on Washington because they hated FDR
https://connecticuthistory.org/gerald-macguire-and-the-plot-...
Re:More startups should take on monopolies
by toomuchtodo on Sunday March 03, 2024 @12:10AM
(#39578586)
I don’t disagree! The only antidote is for the government to come out swinging with overwhelming force.
Re:More startups should take on monopolies
by hollerith on Sunday March 03, 2024 @12:12AM
(#39578591)
Because that's never gone wrong.
Re:More startups should take on monopolies
by toomuchtodo on Sunday March 03, 2024 @12:15AM
(#39578608)
No one else is going to stop them.
Re:More startups should take on monopolies
by fakedang on Sunday March 03, 2024 @01:21AM
(#39578902)
Not going to happen when government congressmen have their savings stocked up in shares of these monopolies.
Re:More startups should take on monopolies
by AndrewKemendo on Saturday March 02, 2024 @11:10PM
(#39578349)
It’s actively destructive at this point - arguably been so for quite some time now but now the only way to not see it is to be actively deluding yourself.
It’s impossible to sustain even for an individual so they are only benefiting from it temporarily.
Re:More startups should take on monopolies
by asdfasdfasdf222 on Saturday March 02, 2024 @11:19PM
(#39578385)
There's a field of study in economics called industrial organization that is all about oligopolies, monopolies and forms of imperfect competition. This is known stuff. I have no idea what you mean by your comment about capitalism, but I think you're likely just confused about different forms of competition.
Michael Porter basically just took IO texts and rewrote them for business people. He's a nice entry point if you're interested.