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These anti-trust laws were originally created to whack railroad companies, which had huge capital investments and "natural monopolies".

Google does have some investment in its data centers, but people never make the explicit argument that the $11 billion/year in data centers is what causes them to be a monopoly. They make the much more abstract "market dominance" argument that I don't buy.

The only thing that I'd consider a monopoly in the same spirit would be the ISPs. It's stupid to dig up the streets twice just for "competition", so there's a natural monopoly. And it'd probably cost untold billions to rebuild it.




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