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Discussion on: Apple to Reduce App Store Commissions for Small Businesses in 2021

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Jean-Michel Fayard πŸ‡«πŸ‡·πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§πŸ‡ͺπŸ‡ΈπŸ‡¨πŸ‡΄ • Edited on

Look, it's simple: I trust Apple and Google to self-regulate the use of their monopoly power about exactly as much as people trusted Microsoft, AT&T, Standard Oil, Western Union, ... to do so in the past.

Monopolies are bad, it's such a simple insight of economic history, why the hell did we stop applying antitrust regulations?

Recommended book: The Great Reversal: How America Gave Up on Free Markets by Thomas Philippon

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Ben Halpern

It's a shame that this has to be dealt with so much in the court of public opinion and not, like, the court of law.

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Jean-Michel Fayard πŸ‡«πŸ‡·πŸ‡©πŸ‡ͺπŸ‡¬πŸ‡§πŸ‡ͺπŸ‡ΈπŸ‡¨πŸ‡΄

For sure, that's a poor substitute