That does sound ridiculous. They have market dominance because of the value that they offer. IBM is a great example of a company falling from grace; it happens all the time and can happen to Apple.
Rent-seeking is a seperate issue, but no different to the Industrial Age and how Railway providers would do the same. We have inadequate governance.
Rent-seeking is a seperate issue, but no different to the Industrial Age and how Railway providers would do the same. We have inadequate governance.