Are monopolies bad? - GoFuckYourself.com

Drake · 02-19-2007, 05:29 PM

If you think they are, do you also think they should be made illegal?

Just curious.

Walmart pushed out the mom and pop stores, but it also made products cheaper. Walmart can buy out good/competing ideas but it cannot legally stop people from competing with them, so theoretically the market remains open to anybody who wishes to compete in that market or any other market that may be monopolized.

Microsoft is the other popular example. Anybody is free to develop an alternate browser (and they have, firefox etc) and product (Apple), so the market remains open.

woj · 02-19-2007, 05:36 PM

they are not bad, unless they abuse their power, but most do, so yea, they are bad...

Sly · 02-19-2007, 05:38 PM

I don't consider Wal-Mart or Microsoft a monopoly personally, but a lot of people do. Like you said, they may have pushed some out of business, but who hasn't? Computers have pushed away typewriters. Cars have pushed away horses. Not the greatest comparison I know, but I'm sure you understand what I'm saying.

In theory, a monopoly would eliminate competition, which is not in the best interest of the public.

02-19-2007, 05:29 PM	#1
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	Are monopolies bad? If you think they are, do you also think they should be made illegal? Just curious. Walmart pushed out the mom and pop stores, but it also made products cheaper. Walmart can buy out good/competing ideas but it cannot legally stop people from competing with them, so theoretically the market remains open to anybody who wishes to compete in that market or any other market that may be monopolized. Microsoft is the other popular example. Anybody is free to develop an alternate browser (and they have, firefox etc) and product (Apple), so the market remains open.

02-19-2007, 05:36 PM	#2
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	they are not bad, unless they abuse their power, but most do, so yea, they are bad... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

02-19-2007, 05:38 PM	#3
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,328	I don't consider Wal-Mart or Microsoft a monopoly personally, but a lot of people do. Like you said, they may have pushed some out of business, but who hasn't? Computers have pushed away typewriters. Cars have pushed away horses. Not the greatest comparison I know, but I'm sure you understand what I'm saying. In theory, a monopoly would eliminate competition, which is not in the best interest of the public. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.