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twoodfintoday at 3:11 PM0 repliesview on HN

Also, I’ve observed a rhetorical trend among the “anti-bigness” crowd towards defining “monopoly” down:

“You may think a monopoly is an overwhelmingly dominant position as a supplier of a good or service, but that’s just naive popular economics! Acshually, according to the latest economic theories (by economists who share our politics), a monopoly is any firm that is big enough to have market power—like pricing power—to do things that can harm a competitor unfairly.”

Us dummies will keep calling that competition.