Ian BetteridgeMar 1

Once again, I regret to inform you that Ben Thompson is wrong about monopolies.

https://www.ianbetteridge.com/the-fundamental-error-that-doesnt-exist/

The fundamental error that doesn't exist

Ben Thompson, Another Viral AI Doomer Article, The Fundamental Error, DoorDash’s AI Advantages: What is notable about this assertion is the total denial of any positive reason for DoorDash to exist and to be so successful. There is no awareness that DoorDash provided a massive consumer benefit (restaurant food

Ian Betteridge
Show threadStephen Darlington
@ianbetteridge He assumes that The Market will solve the problem, but the existence of the monopoly means there are not (sufficient) alternatives. It’s a market failure.
Mar 1 at 12:07pmWeb
Show threadNuwagaba GiftMar 3
@sdarlington
You're right. Existence od monopoly market structures is bad because it stimulates income inequalities and also exploits the consumers choice due to limited options . How can monopolies be controlled?