So with big tech companies like Google, FB, and Amazon and their services becoming more engrained in every day life for Americans who thinks these items should classified more as utilities?
Do think some or all of them should be utilities? If so which ones fit into the category?
If they become utilities they will have far less incentive to be accountable.
Keep them private, so when people don't get value out of them they topple.
Make them a utility and they'll never go away, regardless of if they're an overall good or overall bad.
Still don't know, as no one is forced to use Google, Amazon or FB, there are still alternatives if you don't like their practices. I could it if there was a monopoly, but I don't think any of those three have that right now, right?
You could probably make the argument they may not be textbook monopolies but they are effective monopolies because of their market share and how tech works.
Something like 92% of searches done on the internet on done using Google.
Facebook has a 62% market share in social media.
Amazon has a 50% market share for e-commerce.
And the thing about technology is because they are all online there is no incentive to switch off of them and their high market share in some cases actually allows them to dominate their markets because their product becomes stronger the more users they have especially in the case of social media.
KMC Community Forums
Jun 9th, 2021 12:14 PM
