It's awe-dropping the lengths at which societies go repeating errors of avoiding market dominance because they are detrimental to consumers.
It's awe-dropping the lengths at which societies go repeating errors of avoiding market dominance because they are detrimental to consumers.
What do you mean?
What I mean is that it is not a newly observed fact that when companies grow very big and dominant, they obtain market power and this is often abused, to the detriment of customers and end-clients. Still, this happens time and again even in jurisdictions with powerful regulators such as the US.
Cue Lily Tomlin’s late 70s SNL commercial… “We don’t care, we don’t have to. We’re the phone company.” ;-)