Comment on The existence of billionaires is a policy failure
vga@sopuli.xyz 1 week agoI don’t remember that ever happening without government coercion. Can you refresh my memory?
Comment on The existence of billionaires is a policy failure
vga@sopuli.xyz 1 week agoI don’t remember that ever happening without government coercion. Can you refresh my memory?
AppleTea@lemmy.zip 6 days ago
Sorry, do you think a business failing is only possible with government coercion?
And what government coercion gave Google near monopolies on web search and video? Microsoft Windows accounts for 70% of desktop computers, did a government give them that? Whom did the government coerce for Amazon to have such domination of server hosting and online retail?
I don’t think you’ve been paying close attention to whats been happening in your lifetime.
vga@sopuli.xyz 6 days ago
No, more like that actual monopolies are possible only by government coercion. Failure obviously doesn’t require that.
Yeah, that is true at least in the short term. Windows indeed had even larger percentages at some point, but eventually it has been chipped away by competition.
I’m not calling free markets a magic tool that always works well. Rather a tool that needs to be controlled carefully and as little as possible for the best results. For instance, making Microsoft stop bundling IE with their operating system in the 90s, I’m not sure if that decision had any effect. Then again, EU declaring that mobile operators must adhere to certain rulesets opened up the market a whole lot. So it’s not just about following the best ideology, the details of decisions have to be good as well.