Google-opoly
Posted on December 6th, 2007 in economics, trade | No Comments »
I am continually fascinated by Google’s incessant legal battles over its alleged attempts to form a monopoly. The most recent attack on Google comes as a result of its merge with DoubleClick.
Read what US senators Herb Kohl and Orrin Hatch wrote in a letter to the FTC:
“…by virtue of its dominance of the Internet search market and its recent acquisitions, including last year’s acquisition of YouTube and its current planned acquisition of DoubleClick, Google is becoming the world’s most important Internet enterprise. After this acquisition, Google — already the dominant Internet search company — will also hold a leading position in video content, news, advertising and a myriad of other consumer services. Antitrust regulators need to be wary to guard against the creation of a powerful Internet conglomerate…”
What baloney! Last time I checked, AOL, Yahoo, MSN, and Ask Jeeves all offered something comparable to every service that Google provides. Is that not a sign of perfectly healthy competition?
It appears to me that Google’s only crime is being too fast, too efficient, and offering its users a quality so high that no one else can currently match it.
