Posts in Business
The Digital Robber Barons

Monopolies of the past were obvious. Their resources were mostly tangible. AT&T controlled all the phone lines, railroad companies had exclusive ownership of the rails; big banks controlled the money. Today, the goods and services at stake are more subtle: bandwidth vis a vis the internet, personal data vis a vis social media, and facts/truth vis a vis the news. And while there are plenty of examples of tech companies that look like monopolies, it doesn’t get much more obvious than Amazon.

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