Comment by atq2119
5 years ago
As terrible as a lot of big private companies are, at least they can't waltz into any/every platform (e.g. G, FB, Twitter, etc)
This in an amusing statement considering that many people consider Google and Facebook to be terrible big private companies.
And note, their power doesn't come from government-sponsored monopolies.
Also, calling utilities and ISPs government-sponsored utilities is grossly misleading; both are natural monopolies due to the capital costs that are involved.
Even more people consider Google and FB useful and valuable and gladly (and voluntarily) use their services. Otherwise those "terrible companies" wouldn't be so big anymore.
Capital costs do not create monopolies, just an obstacle solved by raising capital. Government regulations create monopolies - there is no way to fix those.
I recommend you actually read up on natural monopolies. It's a well understood and universally accepted phenomenon (at least academically; obviously there are vested interests who prefer to deny their existence despite clear facts).
Every time people show me a "natural" monopoly I find regulations around it that corrupt the market.
People believing in the so-called natural monopolies lack fate in the entrepreneurial drive, creativity and innovation of the free individuals working hard in their own interest, for their own betterment.