Posted 4/17/2025
Antitrust laws were established with the intention of
promoting competition in business and preventing monopolies. When a company has
a monopoly, they have exclusive control of a trade or the supply of a service.
This could prove costly to consumers for several reasons. The most obvious
reason that can be readily identified is the fact that no one can say whether
pricing is fair if no comparison exists. Amazon, Google, Microsoft, and Apple
may have certain monopolies in the tech industry, primarily due to their sheer
size. As of the date this article was published, Google was battling some
antitrust cases because they, in part, were accused of paying Samsung and
Apple to make them the default search engine on their respective devices.
Google lost a case against the federal government because they were accused of
violating antitrust law by monopolizing open-web digital advertising markets...
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It must be noted that our site, surveyours.com, uses Google
ads. Mark Zuckerberg, the founder of Facebook, found himself under the
government's microscope again. The first time was for suspicions that he shared
people's information with a third party. This time he's being accused of
eliminating competition through acquisitions to create a monopoly. In a
capitalist society, though, people, or companies for that matter, strive to
make the most money to produce profits for themselves and/or their shareholders.
At the root of capitalism is the desire to capitalize because it's a for-profit-driven system. Warren Buffett once contemplated buying up houses, which is a
frightening thought. He could then sell those houses for whatever he wished. He
had every right to do so. Anti-trust laws may have deterred his ambitions and,
with that, interfered with his capitalist desires. We can see the realization
of his ideas in today's housing market, where corporations have bought many
single-family homes, raised prices, and disrupted the housing market...
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Some have begun to push back against these corporate
entities, claiming that they are making it unaffordable for most Americans to
pursue homeownership. If anyone remembers the bailout, some companies were
deemed "too big to fail" because of the impact their failure would
have on the world economy. However, these companies grew out of proportion,
unmitigated by the federal government. Capitalism may have sabotaged itself in
that instance. Albeit, inherent to capitalism is the idea of competition, in
addition to private individuals owning and controlling the means of production,
the "little man" is largely unprotected and taken advantage of and
is unable to compete. Starting a business to make money is one thing,
but eliminating the opportunity for others to do so is something different
entirely.