What is Monopoly? Apple or Google or Microsoft?

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Kenneth Tilton wrote:

They've run up the white flag, Microsoft, haven't they?

Tim Bradshaw wrote:

I think it's what happens to monopolists: they get big by being a monopolist, and because they have no competition they get slow and bureaucratic…

Many tech geekers don't understand what monopoly means.

When a company prevents others from entering the market by tricks, it's EVIL! This is what most tech geekers are thinking.

When a company saturates a particular market, such as Microsoft's OS for PC, Google for web search, Apple in mobile phone, that's called success. Because, any joe can come in and sell their shit, and when the public decided joe's better (⁖ linux), the so-called monopoly topples.

Judge Alex Kozinski of the 9th Circuit pointed out that the key to monopoly is not market share — even when it is 100 percent — but the ability to keep others out. A company which cannot keep competitors out is not a monopoly, no matter what percentage of the market it may have at a given moment.

Above quote is from Basic Economics, First Edition, by Thomas Sowell. amazon Chapter 2: Big business and Government: Anti-Trust Laws, p.102

Run and buy the book now. Save humanity! 〔➤ Reading Notes on Basic Economics

“Welcome to the new decade: Java is a restricted platform, Google is evil, Apple is a monopoly and Microsoft are the underdogs” — Phil Nash