Replying to Avatar Cory Doctorow

It's this belief that leads the right to embrace #monopolies as "efficient": "A company's dominance is evidence of its quality. Customers flock to it, and competitors fail to lure them away, therefore monopolies are the public's best friend."

But this only makes sense if you don't understand how monopolies can prevent competitors.

3/
Avatar
Cory Doctorow 2y ago

Think of #Uber, lighting $31b of its investors' cash on fire, losing 41 cents on every dollar it brought in, in a bid to drive out competitors and make public transit seem like a bad investment.

4/

Reply to this note

Please Login to reply.

Discussion

Avatar
Cory Doctorow 2y ago

Or think of #BigTech, locking up whole swathes of your life inside their silos, so that changing mobile OSes means abandoning your iMessage contacts; or changing social media platforms means abandoning your friends, or blocking Google surveillance means losing your email address, or breaking up with Amazon means losing all your ebooks and audiobooks:

https://www.eff.org/deeplinks/2021/08/facebooks-secret-war-switching-costs

5/