Forget google right now. The biggest threat is Amazon. No way they should be selling their own stuff on their platform. Many times people set up businesses on amazon that become highly successful then amazon copies their business and starts to undercut and prioritize their own products to compete against them.
Amy Klobuchar has written a book targeting monopolies and that anti trust action should be taken current big tech companies. Given that Republicans are angry at many of these large corporations over "wokeness" could this be the time that we actually see political action taken against these corporations? https://www.nytimes.com/2021/04/30/...olomon-katie-booth-invention-of-miracles.html In her new book, “Antitrust,” Senator Amy Klobuchar of Minnesota explores the history of fighting monopoly power in this country, and argues that the digital age calls for a renewed effort. “I think the best way to do this right now is to have our laws be as sophisticated as the companies that we’re dealing with,” Klobuchar says on this week’s podcast. To her, that means “switching the burden for the big, big mergers or for the big exclusionary conducts of the companies that are the largest, and say, ‘Instead of the government having to prove that it hurts competition, you guys have to prove that it doesn’t hurt competition.’” She continues: “You’ve got to look backwards, just like they did with AT&T or some of the big cases — Standard Oil — they looked backwards and said, ‘Wait a minute, this has gotten out of hand.’ It doesn’t mean that we’re going to make this company go away. The chairman of AT&T, after the breakup, said they got stronger because they had to compete.”
Search isn't the big issue, rather tracking. With tracking and "ad sense" profiles, there is "increasing returns to scale," meaning that as a business grows it becomes more efficient, not less, and makes it harder for others to compete. The law is supposed to protect consumers from such "natural monopolies" but the money has corrupted the political process.
The reason the big tech companies are big is because the consumer made their choices Nobody is using Netscape or yahoo search Blackberry and Nokia Nobody bought the Atari Jaguar it’s consumer based choices in the tech age.
Absolutely, they should be large, they should be worth the billions as well as their founders. There is a reason we have monopoly laws, there are abuses of market forces and consildating powers to essentialy stifle the hope of competiton which is the point of the market, stifle the option of choice. Do you believe americans like our Airlines choices? Our quality and experience in air? "https://www.aerotime.aero/22016-southwest-american-agree-to-pay-60m-in-price-fixing-lawsuit" They've been charged numerous times for conslidating and creating a price floor, thus disrupting market and consumer forces for better competition, let alone they all took bail outs while making record profits. Had prices and charges added outside of actual market price due to the gas surge some years ago and then never let it. Consumer doesn't have another option. Have you seen how much struggle Tesla had just to open their concept o selling direct to consumers in 'free market' texas? Maybe you have seen the donations of the consolidation of Auto dealers association to our state politicians which made that a fight rather than lets just let the market determine some upgrades. Which is the idea of capitalism. Likewise, when google/Amazon work hand in hand with legislators, which serve as a platform economy then use that same platform to injecct manipulations. This is why we have lawsuits, copyright, etc and main thing this stifles competition and ability for capitalism to work its magic in the market. Anti competitive. Wal mart deserves to be billionaires, I'm not saying its a binary choice, but at this point they are abusing american tax payers because they pay a low enough wage where there own working employees have to use food stamps, by tax payers, into their own store. There is a big issue with socializing the cost, privatizing the profits. Currently our pharmaceuticals, which charge us morer than they charge the entire world, got many of the vaccine IP from pubclicly/govt funded research, they've privatized it entirely. Capitalism can do wondrous things, there are also abuses of it. Go look at the hatch act, Deregulation of the entire supplement industry, https://www.foxnews.com/health/supplement-maker-admits-to-lying-about-ingredients https://www.nytimes.com/2013/11/05/science/herbal-supplements-are-often-not-what-they-seem.html And until millions of dollars wasted, many consumers frauded it takes a damn while to find these down while most of them still run on that very same point. There is a reason we want voter ID, there is a reason we have Drivers liscence, there is a reason despite it not being in the constitituion that people aren't allowed free choice of driving on the wrong side of the f'n road. Gross simplification and tribalism leads to nothing but good arguments for fox, cnn, and twitter. The populace suffers, politicians continue to do their BS. Nothing moves.
Voting red is a poison pill now. A moral compromise is a loss. Agreed. Internet should be regulated and treated as a life necessity. Telecoms (including cable/internet providers) do have regional monopolies.
