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Monopolists always defend their monopolies by arguing that competition is wasteful. When the railroad barons completed their monopoly, they argued it would be wasteful to have competing rail lines, AT&T said the same thing. But today, the size and scope of these monopolies is different.

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Franklin Foer

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Privacy won’t survive the present trajectory of technology – and with the sense of being perpetually watched, humans will behave more cautiously, less subversively. Our ideas about the competitive marketplace are at risk.

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Booksellers initially thought of Amazon as their best friend. They were coming in, and they were challenging Barnes and Noble, and Borders, which were the big, dominant corporations of the day, and that they would disrupt them and make them less powerful, but they could never envision that Amazon would overtake them all.

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April 27, 2024

Booksellers initially thought of Amazon as their best friend. They were coming in, and they were challenging Barnes and Noble, and Borders, which were the big, dominant corporations of the day, and that they would disrupt them and make them less powerful, but they could never envision that Amazon would overtake them all.

Previous

April 27, 2024

Privacy won’t survive the present trajectory of technology – and with the sense of being perpetually watched, humans will behave more cautiously, less subversively. Our ideas about the competitive marketplace are at risk.

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