this post was submitted on 23 Oct 2024
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The free market is going very well here
This is 100% capitalism. It's not free market to have a goverment-enforced monopoly.
What's government enforced about it? Is ARM the only allowed chip designer for cellphones?
license enforcement is a thing because if someone bypasses it you can sue them, which is a government interaction. Technically, claiming X means nothing if there's no one that enforces your claim.
Yes but that rule protects you the same as it does them. They can be a monopoly if nobody else can get their chips sold but they cannot be a government enforced monopoly unless nobody else is allowed to sell chips.
That's your interpretation and that's fine but I understand that they have a monopolies because their patent is broad enough to be hard to create alternatives, and the patent is government enforced. That's how I understood it at least.
In any case, I don't really mind if you want to keep using your interpretation, I was just trying to rationalise what the other commenter said and explain what I though was their point of view to say what they said.
Have a great day.
That's not just my opinion. That's the definition going straight back to Adam Smith.