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The many companies that warranted the antitrust laws we
Posted on: November 17, 2020 at 18:09:44 CT
zounami MU
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have. Many of them had monopoly power in their industry. You can read about the history of trust-busting if you'd like.
And just so we're on the same page, here's the definition of "monopoly" from Investopedia:
What Is a Monopoly?
A monopoly refers to when a company and its product offerings dominate a sector or industry. Monopolies can be considered an extreme result of free-market capitalism in that absent any restriction or restraints, a single company or group becomes large enough to own all or nearly all of the market [...] for a particular type of product or service. The term monopoly is often used to describe an entity that has total or near-total control of a market.
Many prominent US legislators correctly refer to the Big Tech giants as "monopolies".
And just so we're on the same page, here's the definition of "monopoly" from Investopedia:
What Is a Monopoly?
A monopoly refers to when a company and its product offerings dominate a sector or industry. Monopolies can be considered an extreme result of free-market capitalism in that absent any restriction or restraints, a single company or group becomes large enough to own all or nearly all of the market [...] for a particular type of product or service. The term monopoly is often used to describe an entity that has total or near-total control of a market.
Many prominent US legislators correctly refer to the Big Tech giants as "monopolies".
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The many companies that warranted the antitrust laws we - zounami MU - 11/17 18:09:44