Trust busting can seem like it’s anti free market, but when a company has a monopoly on a network it stops functioning as a company and basically becomes a government. The problem with Facebook/Amazon/Google is that they have a monopoly on a specific information network, for Facebook the social graph, internet discoverability for Google, and online shopping for Amazon. It’s similar to if a single company owned the ro…
I know this is the inevitable and cliche pushback, but it never seems to be grappled with so it remains worth pointing out: none of the three things you mentioned are anywhere close to monopolies. There are lots of social networks (Twitter and TikTok are extremely successful, among others), lots of ways to search the internet, and lots of ways to shop online. The analogy with the railroads simply is not apt, their mo…
I still believe the analogy holds, just substitute geographical points A and B with person A and person B (or business A to potential client B), and the similarities are obviously clear. There is often no other way to get from person A to person B than to use Facebook, or from person C to D without Twitter, ... . Yes, there are various social networks, but there was also various railway barons. Just like the railway was not a single nationwide monopoly, but instead a series of smaller regional monopolies, a single social network is not an all encompassing internet-wide monopoly, but instead a monopoly lording over a subgroup.