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Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ... by icebraining on Thursday December 04, 2014 @01:37PM (#8700844)
By that logic, all businesses with economies of scale are "natural monopolies". That's nonsense, because it assumes that everything else (particularly income per ride and cost per ride) are the same, or at least that they can be the same at a whim.

And in practice, we see smaller companies competing successfully with larger ones all the time.

Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ... by erispoe on Thursday December 04, 2014 @03:29PM (#8701444)
Indeed, a lot of businesses with economies of scale and network effects can become monopolies. If we want to experience the benefits of free-market and competition, from a consumer point of view, we need to implement it through regulations. Peter Thiel explains it quite well, businesses want monopolies because they can reap a higher share of the value. Competition redistributes value to the customers. Once we recognize this, we can ask where, as a society, it makes sense to foster competition.
Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ... by icebraining on Thursday December 04, 2014 @04:23PM (#8701727)
Which businesses have become monopolies through economies of scale? Can you give me some examples?
Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ... by pbreit on Thursday December 04, 2014 @02:08PM (#8701004)
There's a huge liquidity advantage, relatively unique to this market, that is difficult to compete against.