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Anti-Monopoly vs. Antitrust

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Re: Anti-Monopoly vs. Antitrust

#2
> So much modern antitrust action against tech companies is like pushing on a string: the reason these companies have power is because so many customers choose to use them

That's not the only reason though? For example, Google "abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google's rivals from placing their search adverts on these websites" [0]. Facebook "has maintained its position by acquiring, copying or killing its competitors" [1].

The quoted statement seems to miss the point, which is that anti-competitive behaviour reduces the choice of the consumer. Of course they choose to use those services: they don't have much recourse to alternatives.

[0] https://ec.europa.eu/commission/presscorner/detail/en/IP_19_...

[1] https://www.cnbc.com/2020/10/06/house-antitrust-committee-fa...

Re: Anti-Monopoly vs. Antitrust

#3
post #2

> So much modern antitrust action against tech companies is like pushing on a string: the reason these companies have power is because so many customers choose to use them That's not the only reason though? For example, Google "abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google's rivals from placing their search adverts on these websit…

It depends on who the consumer is. Are we talking about end-users, or advertisers?

As far as end-users are concerned, there absolutely are alternatives: Bing and DuckDuckGo.

It doesn’t really matter that they have low market share, there isn’t really a structural switching cost. You just have to enter a different URL in the address bar. Google obviously has the “best” results, but that doesn’t make it a monopoly. That just makes it the best out of a few options, and the market share largely reflects that.

Ben Thompson addresses that point in his article, too:

> Indeed, what makes Google’s contention that “The competition is only a click away” so infuriating is the fact it is true.

Google is arguably an anti-competitive monopsony, not a monopoly. Ben Thompson argues that our laws today don’t handle monopsonies well enough, owing to the consumer welfare standard.

Re: Anti-Monopoly vs. Antitrust

#4
post #3
post #2

> So much modern antitrust action against tech companies is like pushing on a string: the reason these companies have power is because so many customers choose to use them That's not the only reason though? For example, Google "abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google's rivals from placing their search adverts on these websit…

It depends on who the consumer is. Are we talking about end-users, or advertisers? As far as end-users are concerned, there absolutely are alternatives: Bing and DuckDuckGo. It doesn’t really matter that they have low market share, there isn’t really a structural switching cost. You just have to enter a different URL in the address bar. Google obviously has the “best” results, but that doesn’t make it a monopoly. Tha…

> It depends on who the consumer is. Are we talking about end-users, or advertisers?

We're talking about end users, because openly admitting that end users are objects in the trade between companies risk opening a bigger can of worms.

> As far as end-users are concerned, there absolutely are alternatives: Bing and DuckDuckGo.

First, it's like choosing between two communication providers, both of which know there is no other choice and silently split market between them. I think a good idea would be to look at 20+% of market with suspicion, and act accordingly. Give me at least 5 - and in practice, more - options to choose, made so that it's nearly impossible for them to cooperate - then we can talk about freedom of choice.

Second, having alternative doesn't create a non-monopoly. If AMD had a smaller market share, Intel would be in much hotter water as recently as a decade ago. Google maintains share by a variety of ways, including app store, mobile OS, agreements for pre-installation etc. - all different actions aimed at maintaining the lead. Microsoft worked this way in around 1990-s, even though technically not only they wrote software.

This is an opinion.

Re: Anti-Monopoly vs. Antitrust

#5
post #4
post #3

Earlier quoted context omitted.

It depends on who the consumer is. Are we talking about end-users, or advertisers? As far as end-users are concerned, there absolutely are alternatives: Bing and DuckDuckGo. It doesn’t really matter that they have low market share, there isn’t really a structural switching cost. You just have to enter a different URL in the address bar. Google obviously has the “best” results, but that doesn’t make it a monopoly. Tha…

> It depends on who the consumer is. Are we talking about end-users, or advertisers? We're talking about end users, because openly admitting that end users are objects in the trade between companies risk opening a bigger can of worms. > As far as end-users are concerned, there absolutely are alternatives: Bing and DuckDuckGo. First, it's like choosing between two communication providers, both of which know there is n…

> Give me at least 5 - and in practice, more - options to choose, made so that it's nearly impossible for them to cooperate - then we can talk about freedom of choice.

Wikipedia lists much more than five:

https://en.wikipedia.org/wiki/List_of_search_engines#General

Search, from the end-user perspective, is just another SaaS product with little lock-in other than quality of results.

Re: Anti-Monopoly vs. Antitrust

#6
Many of the problems caused by excessive corporate power could be resolved by prosecuting corporate officers, for actions taken under their direction, as individuals, clawing back their bonuses and locking them up. Laws enabling this have always been on the books, but somehow people have come to tolerate corporate officers getting a free pass. Prosecutors don't even try to fulfill their public duty.

Exxon and coal executives are personally responsible for a substantial part of global climate disruption. Paint executives are responsible for deliberately poisoning hundreds of millions of children. Tobacco executives got millions of children addicted to nicotine. Coke and Pepsi are poisoning whole generations. Yet, the most we seem able to do is fine shareholders, when shareholders really have hardly any say in what companies do. A nut job who shoots up a bus station triggers a nationwide manhunt, yet these rich bastards kill by the millions, wholesale, and more horribly, and are allowed to retire to their yachts. It would not take much prosecution to bring about a sea change in how corporate executives behave.

Re: Anti-Monopoly vs. Antitrust

#7
post #4
post #3

Earlier quoted context omitted.

It depends on who the consumer is. Are we talking about end-users, or advertisers? As far as end-users are concerned, there absolutely are alternatives: Bing and DuckDuckGo. It doesn’t really matter that they have low market share, there isn’t really a structural switching cost. You just have to enter a different URL in the address bar. Google obviously has the “best” results, but that doesn’t make it a monopoly. Tha…

> It depends on who the consumer is. Are we talking about end-users, or advertisers? We're talking about end users, because openly admitting that end users are objects in the trade between companies risk opening a bigger can of worms. > As far as end-users are concerned, there absolutely are alternatives: Bing and DuckDuckGo. First, it's like choosing between two communication providers, both of which know there is n…

> First, it's like choosing between two communication providers, both of which know there is no other choice and silently split market between them.

Except that's not what's happening with search engines. They compete with each other in the same territories. With communication providers, it can sometimes be impossible to switch unless you physically move. That's simply not the case with search engines.

> Give me at least 5 - and in practice, more - options to choose

While this would be nice, not having "at least 5 options" is not a prerequisite for monopoly, by any definition.

> If AMD had a smaller market share, Intel would be in much hotter water as recently as a decade ago.

Again, switching costs. That simply doesn't exist in search engines.

> Google maintains share by a variety of ways, including app store, mobile OS, agreements for pre-installation etc.

I think, at best, you can make the case that this kind of pre-installed bundling should be curtailed. But that's a pretty narrow ruling.

Re: Anti-Monopoly vs. Antitrust

#8
post #6

Many of the problems caused by excessive corporate power could be resolved by prosecuting corporate officers, for actions taken under their direction, as individuals, clawing back their bonuses and locking them up. Laws enabling this have always been on the books, but somehow people have come to tolerate corporate officers getting a free pass. Prosecutors don't even try to fulfill their public duty. Exxon and coal ex…

Do you not realize how unhinged what you're saying is? "Coke and Pepsi are poisoning whole generations"? So you want to put business people in prison because they supply customers with products that they genuinely enjoy? I enjoy soda, I enjoy being able to drive, I enjoy occasionally smoking, I enjoy air conditioning my home. Perhaps I should go to jail too?

If you tell me your job, I could also make up ridiculous reasons about how you're personally responsible for starving children, or destroying the environment, or putting the public's safety at risk.

If you want regulation, pass laws. Don't go starting corporate witch-hunts by politically motivated completely unaccountable prosectors.

You can't participate in civil society if your only solution to problems is "let's throw everyone in jail for doing things I don't like!" And the outrageous unhinged rhetoric: "poising children", "killing millions", and "destroying the planet"... it's obvious what type of leader you'd be if you ever got any power.

Re: Anti-Monopoly vs. Antitrust

#9
post #3
post #2

> So much modern antitrust action against tech companies is like pushing on a string: the reason these companies have power is because so many customers choose to use them That's not the only reason though? For example, Google "abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google's rivals from placing their search adverts on these websit…

It depends on who the consumer is. Are we talking about end-users, or advertisers? As far as end-users are concerned, there absolutely are alternatives: Bing and DuckDuckGo. It doesn’t really matter that they have low market share, there isn’t really a structural switching cost. You just have to enter a different URL in the address bar. Google obviously has the “best” results, but that doesn’t make it a monopoly. Tha…

I get where you're coming from, but does it challenge the point that Google, Facebook and a few other tech giants have so much power because of anti-competitive behaviour, not just "because users choose them"?

Re: Anti-Monopoly vs. Antitrust

#10
post #6

Many of the problems caused by excessive corporate power could be resolved by prosecuting corporate officers, for actions taken under their direction, as individuals, clawing back their bonuses and locking them up. Laws enabling this have always been on the books, but somehow people have come to tolerate corporate officers getting a free pass. Prosecutors don't even try to fulfill their public duty. Exxon and coal ex…

Do you not realize how unhinged what you're saying is? "Coke and Pepsi are poisoning whole generations"? So you want to put business people in prison because they supply customers with products that they genuinely enjoy? I enjoy soda, I enjoy being able to drive, I enjoy occasionally smoking, I enjoy air conditioning my home. Perhaps I should go to jail too? If you tell me your job, I could also make up ridiculous re…

You are an example of the problem.

It was known for decades that lead in paint was poisoning everyone. Paint maufacturers persuaded US Congress not to ban lead in paint in the '40s, promising to "phase it out". In 1973 Congress finally banned lead in paint because manufacturers had done exactly nothing in 3+ decades.

The crime waves of the 20th century exactly track (with a ~20 year latency) exposure to lead, so not just cancer and lower IQ, but thousands of violent deaths resulted, knowingly.

We have known, for certain, since 1957, that trans fats in shortening and margarine were major causes of heart failure. They were not scheduled to be out of the food supply until 2017, and some manufacturers have got extensions into, thus far, 2021. ("We still have poison in the pipeline we would like to sell all of before we switch.")

If it makes a profit, it doesn't matter who is harmed?

Putting people in prison for their part in killing millions of people is properly part of civil society. We call it law enforcement.

You seem to suggest laws must not be enforced if rich people might face enforcement? Who is really unhinged, here?

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