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“The Internet Got Shrinkwrapped”, by Robin Rendle
We chose to build the web the way we did. But that doesn’t mean we have to live with it. In other words, the Internet might have gotten shrinkwrapped, but we can find ways to unshrink it. On a similar note: this is what a lot of folks don’t really seem to grasp about the government – we are the government. Voting, protesting, volunteering, and donating to causes are the ways in which we can change things. Government is only bad because we made it bad, we let it disintegrate. The government is only as good as we make it.
politics  web  openweb  monopolies 
17 days ago by beep
New Brandeis Movement: America’s Antimonopoly Debate | Journal of European Competition Law & Practice | Oxford Academic
Over the last two years, a growing number in America have concluded that the United States has a monopoly problem. The Obama Administration’s Council of…
antitrust  monopolies  industry_concentration  competition  Labor_markets  Evernote  from instapaper
4 weeks ago by dunnettreader
Why Is It So Hard for Americans to Get a Decent Raise?
A lack of competition among employers gives businesses outsize power over workers, including the ability to tamp down on pay.
economics  careers  salary  raises  competition  monopolies  monopsony 
6 weeks ago by spaceninja
This is the age of the Microsoft and Amazon economy
Tim Harford

the big digital players: Google dominates search; Facebook is the Goliath of social media; Amazon rules online retail. But, as documented in a new working paper by five economists, American business is in general becoming more concentrated.

David Autor and his colleagues looked at 676 industries in the US — from cigarettes to greeting cards, musical instruments to payday lenders. They found that for the typical industry in each of six sectors — manufacturing, retail, finance, services, wholesale and utilities/transportation — the biggest companies are producing a larger share of output..... “superstar firms” tend to be more efficient. They sell more at a lower cost, so they enjoy a larger profit margin. ....Superstar firms are highly productive and achieve more with less. Because of this profitability, more of the value added by the company flows to shareholders and less to workers. And what happens in these groups will tend to be reflected in the economy as a whole, because superstar firms have an increasingly important role.
economics  monopsony  monopolies  Facebook  Amazon  superstars  David_Autor  retailers  platforms  corporate_concentration  economies_of_scale  network_effects  Tim_Harford  Microsoft 
january 2018 by jerryking
Washington Monthly | How to Fix Facebook—Before It Fixes Us
Thanks to the U.S. government’s laissez-faire approach to regulation, the internet platforms were able to pursue business strategies that would not have been allowed in prior decades. No one stopped them from using free products to centralize the internet and then replace its core functions. No one stopped them from siphoning off the profits of content creators. No one stopped them from gathering data on every aspect of every user’s internet life. No one stopped them from amassing market share not seen since the days of Standard Oil. No one stopped them from running massive social and psychological experiments on their users. No one demanded that they police their platforms. It has been a sweet deal.
digitalrights  failures  google  facebook  monopolies 
january 2018 by becky_hogge

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