alt Hacker NewsIt is rent extraction which always feels like bullshit because it is. Competition is supposed to be the counterbalancing force but it barely exists here.
It is rent extraction which always feels like bullshit because it is. Competition is supposed to be the counterbalancing force but it barely exists here.
It doesn't exist because it can't:
The basic services Google provides can effectively only be consumed by humans individually, creating an inevitable bottleneck.
Such bottlenecks impede interchangeability of goods, as you can't reasonably entertain multiple suppliers simultaneously there. And that means, you cannot have a free market, because you can't really have meaningful competition.
Google has captured services that really are public utilities. Them being "new" doesn't play a role.