Could be even worse now, because in the 2008 financial crisis the US government was actively combatting the crisis by putting trillions of dollars in the economy. In this case it’s the US gov driving the madness.
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Yes, users can act completely idiotic. It still does not mean one company can have a chokehold on a massive industry stifling any competition as they see fit.
Had Apple acted by their own rules in the first place, they probably wouldn’t be under this much scrutiny by several governments.