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Expert: "We Are Spiraling Towards A Dystopian Future Where a Few Tech Companies Control Our Lives"
Companies like Google and Amazon show no signs of slowing their growth, leading some to believe they'll become too big to control. But FTC Chairman Maureen Ohlhausen thinks they're okay, for now, because market share doesn't always lead to domination.
amazon  Google  monopolies  economics 
9 days ago by jorgebarba
Is It Time to Break Up Google? - The New York Times
In just 10 years, the world’s five largest companies by market capitalization have all changed, save for one: Microsoft. Exxon Mobil, General Electric, Citigroup and Shell Oil are out and Apple, Alphabet (the parent company of Google), Amazon and Facebook have taken their place. via Pocket
IFTTT  Pocket  google  monopolies  nyt  search 
8 weeks ago by jburkunk
Ends, Means, and Antitrust – Stratechery by Ben Thompson
This is exactly right, and in my view a real breakthrough in antitrust regulation. In the physical world, limited by scarcity, economic power comes from controlling supply; in the digital world, overwhelmed by abundance, economic power comes from controlling demand, and that control stems from a virtuous cycle that, for the reasons explained in the excerpt above, accrues to the dominant player in a space. In other words, to note that end users could go elsewhere is to ignore the reality that users are not dummies, and that network effects are the foundation of digital monopolies.
economics  monopolies  best.2017 
12 weeks ago by alemacgo
Notes From An Emergency
How is it that some dopey kid in Palo Alto gets to decide the political future of the European Union based on what they learned at big data boot camp? Did we lose a war?

Silicon Valley brings us the worst of two economic systems: the inefficiency of a command economy coupled with the remorselessness of laissez-faire liberalism.
nationalism  TrumpDonald  Europe  USA  SiliconValley  Facebook  Google  Amazon  Microsoft  Apple  monopolies  surveillance  personalData  security  authoritarianism  regulation  globalisation  tradeUnions  resistance  accountability 
may 2017 by petej

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