> I think it depends on what you consider "the market" to be.
It honestly doesn't. None of these are monopolies by any market definition.
Amazon has so many competitors: brick and mortar stores like Walmart and Target and Best Buy remain successful, online competitors again like Walmart and Target and Best Buy but also Ebay and in a different way Shopify and others, are also successful.
Your argument is slightly stronger in the case of Facebook, but still very weak. Facebook's social networks have strong direct competition in Twitter and TikTok. Facebook's communication platforms have strong competitors in iMessage, SMS apps, Signal, Telegram, Discord, etc.
I'm not 'accept[ing] the broadest possible interpretation of "the market"', I'm just not accepting hand-wavy non-definitions of "market" that only include a single company so that it can be called a monopoly by definition.
Again, I think there are major problems and I favor new regulations for all of those problems. But what I don't think makes sense at all is redefining "monopoly" in a way that makes no sense, just because anti-trust law is our only extant tool for solving the problems caused by enormous tech firms.
It honestly doesn't. None of these are monopolies by any market definition.
Amazon has so many competitors: brick and mortar stores like Walmart and Target and Best Buy remain successful, online competitors again like Walmart and Target and Best Buy but also Ebay and in a different way Shopify and others, are also successful.
Your argument is slightly stronger in the case of Facebook, but still very weak. Facebook's social networks have strong direct competition in Twitter and TikTok. Facebook's communication platforms have strong competitors in iMessage, SMS apps, Signal, Telegram, Discord, etc.
I'm not 'accept[ing] the broadest possible interpretation of "the market"', I'm just not accepting hand-wavy non-definitions of "market" that only include a single company so that it can be called a monopoly by definition.
Again, I think there are major problems and I favor new regulations for all of those problems. But what I don't think makes sense at all is redefining "monopoly" in a way that makes no sense, just because anti-trust law is our only extant tool for solving the problems caused by enormous tech firms.