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- On 15. april 2019
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Warren’s American Plan to Rein in Tech Monopolists | Op-Eds Columns | CEPR
Jeff HauserTuscaloosa News, April 1, 2019 InsideSources, April 1, 2019The Walton Sun, April 1, 2019Santa Rose Press Gazette, April 1, 2019Port St. Joe The Star, April 1, 2019The Apalachicola Times, April 1, 2019Houma Today, April 1, 2019Northwest Florida Daily News, April 1, 2019 See article on original site America’s cops on the competition beat have grown lazy.
(Unless, of course, you like having your data stolen and traded like a commodity, believe start-ups should have no aspiration other than to be absorbed by a bigger company, or think small business is un-American and passe.) American antitrust law is built upon the timeless insight that the ability of dominant corporations’ to sustain dominance unfairly threatens our economic and political liberty.
As technology publication Wired demonstrated conclusively, Amazon grew via a two-decade long acquisition spree, buying up competitors in an incredibly wide array of fields from media, robots and energy to logistics, groceries and artificial intelligence.
The Warren “administration would appoint regulators committed to reversing illegal and anti-competitive tech mergers.” That means a Warren administration would undo the deals that allowed Google, Amazon and Facebook to “buy” the appearance of innovation while actually preventing fair competition from flowering.
But this is how the innovation cycle works: It creates room for saplings to grow into giants, but then prevents the new giants from squashing the next generation of saplings.” Warren has a plan to rein in too-powerful tech giants and restore competition raising the question of how will Warren’s competitors in the Democratic presidential primary respond to her plan?
- On 15. april 2021
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