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Comment by themafia

2 months ago

> Google set themselves up to be the next Microsoft

Google became a monopoly. All monopolies do this.

there's a step before that. Google is a pure capitalist enterprize>pure capitalism goes to monopoly>all monopolies do this.

  • Pure unregulated market, that doesn't guarantee free market assumptions does that. Capitalism doesn't need it. Without mechanisms that allow for the free entry/exit of competitors, fair and simultaneous access to information, preventing cartels/price fixing, .... a bunch of assumptions for perfect free market to happen, the market will tend towards monopolies due cumulative advantage (in econ. known as Matthew effect), since small advantages compound into dominance.