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Originally Posted by evilcart
yes but no.
What we should be looking are unnatural monopolies like Disney and Comcast. Tech companies like Google, Microsoft, Amazon cisco etc are different and actually compete on a global scale . Also there is a security aspect to them.
So YES YES YES lets look very deeply at the 850 member cartel that bliks billions of dollar out of consumers who buy or sell RE. Virtually every retail RE transaction is forced to pay a fee of 5-7% while the same well managed transaction costs a mere 0.5%-3% around the globe. keeping in mind they have sophisticated markets too... with transaction histories often going back 500 to 1,000 years...
Let's also look at the insane powers Comcast and other cable providers have, they own the cables, the stations and the content..... they buy and sell these products to themselves at artificially high prices to restrict competitors and to allow them to raise prices to the final consumers.
Let's look at cell service pricing, ISP pricing both of which are strangely high compared to other countries with similar pop density...
But it should not be a shotgun approach. Cartels, monopolies, guilds , artificial barriers to entry and such like needs to be looked at deeply.
The idea that 25 Billion would be some magically number is bull, we don't need to target BIG , we need to target uncompetitive and manipulated markets that are slowing growth , impeding innovation and costing consumers / USA monies and opportunity.
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I think you and I would usually agree on things, but this post is mingling some different aspects that don’t necessarily go together.
On one hand there are content creators. Like Disney, hbo, or nbc. On the other hand their are distribution companies like AT&T, Comcast and Spectrum.
Then there are user generated content sites like Facebook, YouTube and instagram. Finally there are pure play sites like amazon and apple.
What has happened in the last few years is that the lines between these have started to blur. Take what happened to Netflix. Five years ago, all their content came from third parties. Now, those parties are taking their content back in-house, like Disney, because they are going to launch their own streaming services in the coming months. So you now see lots of Netflix Original content.
AT&T and Comcast have bulked up considerably on the content end, because distribution is going to be agnostic in the next 5 years or so. In fact I would bet that within 10 years cable companies will no longer aggregate content, they will just provide broadband into hoes, and you’ll make your own choice.
Facebook, Apple, and google have been trying to get into the tv business for years, and it’s starting to happen.
The 600 pound gorillas in entertainment is the next decade is FAANG:
Facebook, Amazon, Apple, Netflix, and Google.
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