Earlier quoted context omitted.
Ever wonder why innovation takes place? Wonder why we are not still reliant on locomotives for transportation? Economic incentives for innovation and disruption are greater when a monopolistic entity is over charging for it's good or service. If they are not over charging then there is not as great an incentive to innovate or disrupt. If the latter is the case, why bust a monopoly that is providing a fair service?
> Economic incentives for innovation and disruption are greater when a monopolistic entity is over charging for it's good or service. Care to back that up, or are we supposed to take your, frankly, very unorthodox views at face value? Every industry I can think of with entrenched monopolies sees almost no innovation until things get so bad that they are finally disrupted: aerospace, energy, advertisement, telecommuni…
Intel's virtual monopoly of microprocessors has led to AMD's recent advancements: https://seekingalpha.com/article/4247790-intel-vs-amd-battle... https://www.tomshardware.com/news/amd-vs-intel-cpu-market-sh...
Check out the historical market shares in the links. Markets have changed in time with respect to computing. People are opting for mobile devices which use arm processors(even breaking into server space). Unless the behemoths in the industry adapt, their industry may not exist in the future. That is innovation and disruption happening right now.
Intel had in 2018 90.4% of the desktop/notebook/server market with 96.8% of the server market share. Maybe this is only Intel vs. AMD stats. Are servers run with other processors?
Standard oil(Arguably the most notorious monopolistic company in the history of the United States) by comparison: "At one point, it was believe that they controlled somewhere between 88% to 91% of all the oil in the United States"