Linked by David Adams on Fri 4th Dec 2009 17:16 UTC
In the News This 24/7 Wall Street article displays three common media ailments: hyperbole, a love for top ten lists, and an obsession with December predictions for the coming year (which off course OSNews is obviously also falling victim to), and there are some predictable losers on this list (Blockbuster Video, anyone?). I thought it would be an interesting topic for OSNews because three of the companies/brands are quite familiar to us: Palm, Motorola, and Sun Microsystems.
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jack_perry
Member since:
2005-07-06

Depends on what you mean by "bad". Natural monopolies occur in industries where it makes sense not to have competition: for example, having more than one set of telephone wires in a neighborhood doesn't really make sense, nor does having more than one network of roads in a neighborhood. So (in the US at least) the telephone wires are operated by local monopolies, and the roads are (usually) owned by (state or local) government, i.e. monopolies.

Monopolies in contexts that don't make sense, like who supplies the long-distance telephone service, or who can drive on the road, are generally bad for everyone (except the owners of the monopoly).

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