• Dragonstaff@leminal.space
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      1 day ago

      3-5 companies in a sector is an oligopoly, which acts nearly the same as a monopoly. This is not “actual competition”.

      All of these companies cornered their own markets, and now they own the backbone of the internet.

      If we broke up all of them and required open standards and interoperability then other companies could innovate.

        • Dragonstaff@leminal.space
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          12 hours ago

          How much of the economy in the 60s was telecommunications vs how much of the economy today relies on the internet?