Tag: monopoly

Member Post

 

See what happens when you have a mixed economy and mixed monarchy where no philosophical, intellectual, or moral principles guide the nation? You have government handing out favored legislation to private media companies, then those companies silencing political opposition, but as private companies, therefore not “censorship” per se but by proxy, then state AG’s, left […]

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Another Example of So-Called Tech Monopolies Not Acting Like Monopolies

 

When one looks at the size, scale, and influence of America’s tech titans (companies that jealous Europe would love to have), it’s not surprising to think of them as monopolies. But as competition scholar Nicholas Petit explains in a recent conversation with me, “When you look at what those companies do it seems very different from what the old school textbook monopolist would do.”

They don’t act like fat and happy forever companies with not a competitive care in the world. Such as being in cutthroat competition with other dominant tech titans. As Andreessen Horowitz tech analyst Benedict Evans recently tweeted:

Regardless of your personal preferences around smart screens/speakers for the home, it’s striking that we have 3-4 huge consumer tech companies aggressively competing here. In previous cycles it would’ve been just Microsoft or just a couple of cash-strapped start ups . . . That is people talk a lot about tech monopolies, but we have four huge and dynamic companies that overlap a lot, and when they do they compete with each other on a level that Microsoft or indeed IBM never really had to face.

Will Apple, Google, Facebook, and Amazon Be Forever Dominant?

 

President Donald Trump, Satya Nadella of Microsoft, and Jeff Bezos of Amazon.

I’m skeptical that Washington will break up Big Tech like it did Standard Oil or AT&T. Likewise, New York Times tech columnist Farhad Manjoo also doubts such action is on the near horizon, or really governmental action of any kind. One difference is that Manjoo — who refers to Amazon, Apple, Facebook, Google, and Microsoft as the “Frightful Five” — seems far closer than I am to being convinced strong action is necessary. From his lede: “The tech giants are too big. They’re getting bigger. We can stop them. But in all likelihood, we won’t.”

Member Post

 

The average price of an individual New York City taxi medallion fell to $872,000 in October, down 17 percent from a peak reached in the spring of 2013, according to an analysis of sales data. Previous figures published by the city’s Taxi and Limousine Commission — showing flat prices — appear to have been incorrect, […]

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