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To: soup who wrote (23147)2/15/1999 9:45:00 AM
From: MeDroogies  Read Replies (1) | Respond to of 213173
 
In today's world, the concept of monopoly is in need of revision. In fact, there has never really been a true monopoly, unless it was sanctioned by gov't. Market forces make true monopolies nearly impossible. However, one company can gain market hegemony and therefore dominate an industry by using less than legal practices, and that is the best definition of the term monopoly today.

MSFT fits that description.
Paul Fussell points out that bad things have been with us forever, but BAD as a conceptual reality becomes part of life when people insist that the bad product is actually superior and preferable. I am afraid that is what MSFT has been able to foist upon the public.



To: soup who wrote (23147)2/15/1999 3:35:00 PM
From: Jonathan Bird  Read Replies (3) | Respond to of 213173
 
Soup,
I think you're defining the the consequences of an effective monopoly too narrowly.

If I had not received an education in economics in business school,then I might feel more comfortable playing fast and loose with a pop cultural understanding of monopoly. But since I did, I don't.

Droogies,
In today's world, the concept of monopoly is in need of revision.

There's a process for that. Write it up, send it to a scholarly journal, and see if anybody agrees with you.

one company can gain market hegemony and therefore dominate an industry by using less than legal practices, and that is the best definition of the term monopoly today.

Why describe a behavior that has nothing to do with monopoly and then call it monopoly? Rest assured that there is no shortage of terminology in economics.

WebDrone,
Jon, it's a monopoly. Microsoft has shown time and again that they will use the threat of witholding one portion of their business to force the acceptance of another.

What you are describing is not related to the concept of monopoly.

To understand what monopoly means, to believe MSFT has one, and yet still hold AAPL shares would be... well... a not so bright idea.

Jon Bird