Apple, Amazon, Google: Are They Monopolies? The Government Thinks So.

Few organizations throughout history have exceeded the modern American mega-corporation when it comes to gathering money, power, and influence. The question becomes, are they so dominant as to be called a “Monopoly?” The term “monopoly” is a tricky one. In the United States, we like to define “monopoly” in the legal sense. Something is a “monopoly” if the law says it’s a “monopoly.” We rely on a 134-year-old law named the Sherman Antitrust Act.