Comment by thrance
1 year ago
Does upholding monopolies help Americans at all? Do not conflate the ballooning wealth of billionaires with any kind of improvement in your material conditions.
1 year ago
Does upholding monopolies help Americans at all? Do not conflate the ballooning wealth of billionaires with any kind of improvement in your material conditions.
Americans marginally benefit from American owned monopolies over Chinese owned monopolies.
It’s not clear that Chinese owned monopolies are any good at breaking out. They seem to suffer from the same problem as Japan where their market is so unique and insular that a lot of products do not carry over all that well.
WeChat, for example, is the end all be all megaplatform in China but never took off with any Western consumers simply because they’re uninterested.
It also goes bothends, there were numerous western messaging apps that come and go, wechat has been around since the AIM and blackberry messenger PIN days. Where are those two protocols/messsaging apps now?
It isn't insular, it's just it was the only local solution - same for Line having a lock on Japan and Thailand but not much of asia, and kakaotalk for Korea.
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Have you tried signing up for WeChat? It's nearly impossible to get an account.
Alibaba and ByteDance have both successfully broken out.
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How so? They pay almost no taxes, they capture a huge share of the market, they stifle innovation, they regularly engage in anti-user practices...
The bottom 90% is owning an ever smaller share of the economy, while the real economy doesn't seem to grow that much.
If a Chinese company has a monopoly you get All those things, minus the US jobs.
It seems like you are comparing small companies vs large companies, rather than US vs Chinese.
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It's weird to suggest another monopoly will be allowed to exist in a thread about breaking up an illegal monopoly.
In what way, please explain. Both are monopolies.
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