The only legal check for monopoly corporations is regulation/taxation. That doesn’t work cross border. Especially when the other side has nationalised and artificially props the monopoly.
The solution then is removing the product from market till local competition takes its place.
Is that really the case in the last few years/decades?
My understanding is that any company that can (read: has enough money for good lawyers), will prefer to use trade secrets for a combination of reasons, a big one being that competitors cannot use that technology after 10 years/when the patent expires.
Admittedly this was from my entrepreneurship classes in a European uni, so I'm not sure how it is in different places in the world.
Patents in the US are 20 years. Given how short sighted modern companies are, I can’t imagine anyone at any large company is even planning for something 20 years in the future, much less placing much value in an outcome that far out.
How many useless living humans do you know? They go somewhere. Something happens to them. Whatever it is it’s about to happen to 30% of the population.
Capitalism relies on consumers. It's pretty much central to the idea. That's why the world on average (median) has gotten wealthier and better off over the decades.
reply