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YongYea; Execs Stupidly Claim Steam Has A Monopoly And Get Mocked... (www.youtube.com)
submitted 1 year ago by to c/pcgaming@lemmy.ca
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Link to youtube video. Tracking removed.

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[–] [S] 7 points 1 year ago (9 children)

Oh look, yet another person who doesn't understand what monopoly means.

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  • [–] 5 points 1 year ago (8 children)

    A commodity controlled by one party.

    Sometimes, there are many sellers or substitutes, but a single company still retains outsized market power — that's called monopolistic competition.

    A monopoly is a market structure with a single dominant seller in a particular industry.

    Sounds like Steam fits that description pretty well. I agree that steam isn't a strict monopoly, there is competition, but they are so far and ahead they still function as a monopoly in their area.

    Since you'd rather throw mud than talk terms, I guess that’s where this ends.

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  • [–] [S] 1 point 1 year ago (7 children)

    "Comodity controlled by one party". Except it's not controlled by one party.

    Outsized market power, what left out are the actions taken to make such an outsized market power. Monopolies are not a passive that form all by themselves. They are created through expansion acquisition, and aggressive crushing of competition. Disney and Nintendo do these actions. Valve does basically... Nothing.

    A single dominant seller, but again leaving out all the rest I have written above.

    There is nothing Valve can stop doing to be less "a monopoly". All they've done is provide a pretty decent service, and nobody else can be arsed to top that, even companies with the resources to do so.

    That's not a monopoly.

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  • [–] 3 points 1 year ago (6 children)

    By your definition, lets imagine a world where Amazon had 100% of the market and there were no other competitors, even if it happened naturally, without malicious intent, they wouldn’t be a monopoly? Come on.

    I dont see 'has to act a specific way' in any definitions of monopoly. A monopoly isnt about being evil, or 'actions taken to make such an outsized market power' even if thats often part of the result, but just describes their position in the field.

    This isn’t about how a company got there, it’s about where they currently are. Steam may not have crushed competitors aggressively like Disney or Nintendo, but its market dominance and control over PC game distribution still fits the textbook definition of a monopoly.

    Steam has ~79.5% of the PC gaming market, I’m one of their customers and love their service, but that doesnt change that “monopoly”fits them.

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  • [+] 2 points 1 year ago (3 children)
    [deleted]
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  • [–] 1 point 1 year ago* (2 children)

    Yea, it's pretty rough for tattorack, but that's what happens when you ignore definitions and argue in bad faith. They ignore all contrary evidence and definitions, and insit their made up definition is accurate.

    /Shrug, some people just aren't open to discussion .

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  • [–] [S] 1 point 1 year ago (1 child)

    Im not the ones ignoring definitions, and calling Valve a monoply is bad faith in the first place.

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  • [–] 1 point 1 year ago* (last edited 1 year ago)

    i mean, i provided definition after definition, link after link, and your response was 'nuh uh',

    I'm going to steal a page out of your book and say "hey look, a person who doesn’t understand what bad faith means." since i've been here, providing clean, honest discussion, while you just deny and move the goal posts.

    So.. if the shoe fits...

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  • [–] [S] 2 points 1 year ago* (1 child)

    That's not my definition. That's just the definition. And you're using a corporation that is actively monopolising the logistics market, even so far as breaking the law to kill any competition, as an example. Nicely done.

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  • [–] 0 points 1 year ago* (last edited 1 year ago)

    Thanks, that was done intentionally, to highlight the absurdity of your argument. I assume we both agree that Amazon is an effective monopoly (though i have had people fight me on that too!)

    You say its not your definition, but i linked three different definitions which didn't use that language. in fact, in all my searching, not a SINGLE definition includes a discussion on how they got there, but on the **CURRENT **state of the market.

    Here's another source:

    complete control of the supply of particular goods or services, or a company or group that has such control:

    The exclusive possession or control of the trade in a commodity, product, or service;

    This is why I say Steam has an effective monopoly.

    So yes, it seems like you’re using your personal definition, but it contradicts the actual, widely accepted definitions.

    If you want to call me out and say "you initially said it WAS a monopoly, but its only an EFFECTIVE monopoly", ill take that egg on my face, its earned and i should be more careful with my words.

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