Source: The American Prospect
by Luke Goldstein
“Though much has been made of social media innovation and data monetization, the fundamentals of monopolies haven’t really changed that much since the Gilded Age, when railroad barons, industrial titans, and meatpackers were the main antagonists. Concentrated economic power is often built around exclusive contracts that by their very nature crowd out competitors. When combined with market power, companies can use these contracts to muscle their way across other lines of business through tactics like tying arrangements and bundling, and crushing fair competition, worsening the quality of products and leading to higher prices. A century of antitrust court rulings and precedent back that up.” (06/20/24)
https://prospect.org/power/2024-06-20-rollups-big-business-baseball-cards-fanatics/