How durable are monopolies?

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Every day, we are warned about the pow­er of monop­o­lies, and some con­cerns are jus­ti­fied. But a look at his­to­ry con­firms that monop­o­lies do not tend to sur­vive all that long.
Large com­pa­nies such as Google, Ama­zon, Face­book, Microsoft, and Apple have come to be por­trayed as the “ene­my” all around the world. The para­dox: Almost every­one uses their prod­ucts and ser­vices, but hard­ly any­one likes the com­pa­nies behind them. Some con­cerns are jus­ti­fied, especially …

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