Monopoly Platforms

Monopoly platforms

Introduction

The article referred to by the work to be presented is about several companies use their platforms to create a monopoly and as the same threat to society with a series of very influential factors. These companies such as Facebook, Google and Amazon have currently monopolize the attention of all people through their different social media platforms. So much so, that other entrepreneurs have decided.

Developing

The United States does nothing about it giving it free via so that they continue to operate without any regulation pressure. Is it okay that some signatures such as those mentioned in the article have so much information and, therefore, have so much power? The United States government has no legal evidence that identifies these companies such as Facebook, Google and Amazon in the episode of fraud because of the monopoly. Although monopoly is not a very loyalty activity to business, these companies have had the opportunity to take the use of technology to another level. 

The purpose of them is to ensure that people obtain information, services or products that need available and in an effective and safe way. There are people who do evil to the use of platforms and they must be judged and processed. But, really the purpose and mission of these companies is another, it is not to cause damage, much less create a state of panic to society by the acceleration of technology. What are the eight potential damage that powerful companies such as those mentioned above can make their consumers or the rest of society?

Among these potentials are the low quality of products and the little privacy of user data, surveillance and risk of security, enrichment for sharing user data with other companies, loss of confidence, significant costs for third parties,Less innovation in markets dominated by data options, social concerns and political concerns, Maurice and. Stucke. When we talk about the low quality of products and the little privacy of user data is very unfortunate because these companies are on the market. 

Offering products on many occasions from countries that there are no regulations and for which they are not considered an effective cost despite their availability. Regarding data security, this information is outdoors and very susceptible to fraud through the Internet. These companies also of course are enriching themselves with the collection of users’ data. The more information they collect, the more opportunities they have to continue expanding in the market. Also, within social concern that excessive desire of people is constantly connected on social networks. 

On many occasions, these obsessive people with this type of behavior need psychological help to face this situation. It is for this reason, that this investigation was carried out to understand the damage caused by these companies with their monopoly. In the political sphere unfortunately the United States government is not doing much about it. They understand that these companies are not doing any damage to society, rather the control of your decisions is individual. Regulated monopolies are made up of the same characteristics of natural monopoly. 

Like all companies that have monopolies there are always risks. One of those most important risks to verify is security. The regulated monopoly has more opportunities to obtain information and publish it to different platforms on the Internet. Those same opportunities can become threats for user data safety purposes, Thomas J. DILORENZO. To the extent that the data is shared, with that same speed, other data companies are doing the same to other companies. 

conclusion

The risk is double or even many times the danger of the matter has no limits, economic encyclopedia. A good suggestion to avoid risk when sharing the data would be to apply positions to third companies for improper use of them. This type of regulation should be applied to all companies that are dedicated to this type of practice. The federal government can be involved more effectively to the regulations that apply to them and even more, audit the use and enrichment of user data and exorbitant profits that these companies are obtaining.

References

Economic Encyclopedia. (2020). Natural monopoly.

Thomas j. DILORENZO. (2019). The myth of natural monopoly.

Maurice e. Stucke. (2018).