[How Money Works] Why Everything is a Monopoly... Again

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео является собственностью канала How Money Works. Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал: @HowMoneyWorks. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Sign up for a FREE career session with TripleTen → Use promo code: HowMoneyWorks ----- Sign up for our FREE newsletter! - Books we recommend - ----- My Other Channel: @HowHistoryWorks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ sponsors@ Sign up for our newsletter 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #business #finance #money ----- Last week, between record market crashes and rebounds, endless election nonsense, and the wrapping up of the Olympic games one of the most important legal verdicts ever was being made. District judge Amit Mehta ruled that Google was a monopolist AND acted as one to maintain its own monopoly. This surprised… absolutely nobody… but it also surprised everybody because every trillion-dollar company in the world today is a monopoly of some kind… illegal or otherwise. The market assumption WAS that regulators would keep looking the other way and let this happen forever… but that is changing… which is bad news for corporate America… because I don’t know if you have noticed but there aren’t that many companies anymore… For an alarming amount of major companies, becoming a monopoly isn’t just a good way maximise profits, it’s the ONLY way they can make a profit. Not all monopolies are necessarily illegal and hot take alert… but some of them can even be good for consumers… A company is allowed to have market dominance if their product is better than all of their competitors or if no competitors even bother trying to compete because one company has such a commanding lead. Google for a long time had the best search engine on the internet but people chose to google things because that would normally give them the best search results. That’s not illegal, UNLESS that company uses it’s market dominance to entrench its position and make it harder for other to compete. The goods and services that we consume are FAR more varied today than they ever have been at ANY point even in modern history. four decades ago, there WEREN’T any search engines to monopolize and the worlds biggest companies made far more basic products. Take US Steel and NVIDIA, both of these companies were the most valuable in the world at their respective peaks, both of them made products primarily to service other businesses, and both of them were at the forefront of an industrial trend. US Steel was making… well… steel right as America was on a building spree and NVIDIA is making H100 GPU’s right as the world is pumping AI into everything. The difference is that steel beams are an extremely basic product compared to cutting edge proprietary microprocessors. According to company filings NVIDIA sold one hundred and fifty THOUSAND of these chips to Microsoft alone and another one hundred and fifty thousand to Meta so that the companies could accelerate the rate in which the internet is turned into procedurally generated slop… NVIDIA owns the market for AI compute because it has developed CUDA which is the industry standard for building machine learning models. Remember, dominating a market because you can undercut your competitors or force suppliers not to work with them is illegal, but monopolizing a market because your product is better is completely fair game. So it’s time to learn How Money Works to find out why the good types of monopolies don’t last and why we are suddenly getting so many of the bad kind instead.