But what if a company is too powerful and has an unfair advantage in the market?
For example: Say a company is able to make excellent ear buds – the best in the market. Apple obviously doesn’t want to loose out on AirPods profit, so they then decide to deliberately make it a poor user experience to use other ear buds on Macs and Iphones. Now it is impossible for better ear buds to compete with AirPods because Apple abuses an unfair market advantage. Furthermore, this heavily decentivices other companies from even entering the market.
I see your point about the dangers of allowing governments to overregulate companies, but it is also dangerous to let companies freely do whatever they want. Share holders will happily screw over consumers and society for a tiny increase in profit.
In my opinion, right now there exists too many unhealthy markets – especially in technology – and I would like to see more regulations akin to what EU is doing. US is dropping the ball hard on this one.
I get what you’re saying, and while I don’t have a better solution to offer- I just know that the solution they’re offering now is a bad idea. It’s opening the doors to govt/nation controlled IP.
Perhaps instead of watering down one company, maybe all the others should be inspired to make better quality products that can compete with them.
Because- and this is only my opinion, allowing governments to control how a company manages their IP is a slippery slope to go down.
But what if a company is too powerful and has an unfair advantage in the market?
For example: Say a company is able to make excellent ear buds – the best in the market. Apple obviously doesn’t want to loose out on AirPods profit, so they then decide to deliberately make it a poor user experience to use other ear buds on Macs and Iphones. Now it is impossible for better ear buds to compete with AirPods because Apple abuses an unfair market advantage. Furthermore, this heavily decentivices other companies from even entering the market.
I see your point about the dangers of allowing governments to overregulate companies, but it is also dangerous to let companies freely do whatever they want. Share holders will happily screw over consumers and society for a tiny increase in profit.
In my opinion, right now there exists too many unhealthy markets – especially in technology – and I would like to see more regulations akin to what EU is doing. US is dropping the ball hard on this one.
I get what you’re saying, and while I don’t have a better solution to offer- I just know that the solution they’re offering now is a bad idea. It’s opening the doors to govt/nation controlled IP.
And that is bad for everyone.