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Big tech, monopoly and anti trust

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posted on Oct, 2 2020 @ 04:08 AM
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originally posted by: Rob808
kind of this kind of monopoly over services OK? Imagine if the telephone company censored your texts. You have no alternative telephone company to use, so they will keep censoring your texts...


What exactly do these companies have a monopoly over? When you PAY for cellular services, you agree to the terms and conditions spelled out by the provider. If those terms are unfavorable, you find another. If all the choices are unfavorable to most people then the "free market" should take care of that right?

No one is stopping you from making a competitor.

Dont like the service, dont use it.

Infrastructure ain't cheap, multi az highly available fault tolerant infrastructure ain't cheap.

Not sure why people feel entitled to have someone else foot the bill so they can practice their free speech.



posted on Oct, 2 2020 @ 05:38 AM
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originally posted by: AScrubWhoDied

originally posted by: Rob808
kind of this kind of monopoly over services OK? Imagine if the telephone company censored your texts. You have no alternative telephone company to use, so they will keep censoring your texts...


What exactly do these companies have a monopoly over? When you PAY for cellular services, you agree to the terms and conditions spelled out by the provider. If those terms are unfavorable, you find another. If all the choices are unfavorable to most people then the "free market" should take care of that right?

No one is stopping you from making a competitor.

Dont like the service, dont use it.

Infrastructure ain't cheap, multi az highly available fault tolerant infrastructure ain't cheap.

Not sure why people feel entitled to have someone else foot the bill so they can practice their free speech.



Google and Facebook DO pretty much have a stranglehold on the search engine and social media markets, respectively. But to your point, they did IMO obtain that hegemony fair and square, by better developing and innovating than the competition.

It's also fair to point out that Facebook has bought up a large number potential competitors, as has Google (YouTube)

In the end competition is vital for function of capitalist system, and if market participants end up becoming too powerful and concentrate too much market share, the government has and will step in.

It would be in everyone's interests if true competitors emerged to challenge Google and Facebook, but I can guarantee that anybody getting close to eroding Google's 92% search market share would get a very lucrative purchase offer before they ever got to 15-20%.



 
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