SatchmoNakamoto on Nostr: Thats the thing imo, there is no actual competition due to the abuse of the market ...

Thats the thing imo, there is no actual competition due to the abuse of the market through the monopoly’s price fixing, threats, and intimidation of smaller competitors. The monopoly will inevitably die but for the same reason why all Empires eventually die, it is due more to self-inflicted wounds than to a rising competitor.

Monopoly doesn’t happen because of organic free market competition. I don’t believe you can obtain and keep a monopoly position without price fixing, intimidation, and violence in many cases. I can’t think of an example where the monopoly power didn’t do any of those things. Most monopolies are state sponsored also and would not exist if it wasn’t for the state sponsorship.