The Trump Administration Attacks the Stigler Report on Digital Platforms

President Trump’s 2020 Economic Report finally confronts the issue of antitrust enforcement both in the traditional economy and in the digital one. While it criticizes the demand for more antitrust enforcement on the ground of insufficient evidence, it dismisses the conclusions of the Stigler Report on a purely a priori argument, ignoring all the evidence contained in the report. 

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The Amazon of Health Care: How CVS Is Evolving From a Drug Store Chain into a Tech Platform

CVS is built on a dominant chain of drug stores, but it is now trying to turn itself into a “uniquely powerful platform” for delivering health care. It uses one part of the supply chain to squeeze competitors in another part of the industry.    

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The World Bank’s “Papergate”: Censorship Is Not the Best Way to Stop Development Aid From Fueling Corruption

A new study of World Bank data finds that aid disbursement to highly aid-dependent countries coincides with sharp increases in bank deposits in offshore financial centers. According to The Economist, the World Bank refused to release the study. Afterward, its chief economist resigned. Here is the full content of the allegedly-censored paper. 

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Facebook’s Enduring Control Over Social Media Markets

According to the British Competition and Markets Authority (CMA), Facebook accounts for 75 percent of the UK’s social media market. Over the past 10 years, only three companies succeeded in obtaining at least a 5 percent market share of social media users’ time: Instagram (which Facebook bought), WhatsApp (which Facebook bought) and Snapchat (which Facebook tried and failed to buy).

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Antitrust Law’s Current Stance Toward Workers Violates Its Original Purpose to Balance Power With Powerful Firms

Antitrust law’s present-day bias against democratic cooperation and in favor of top-down corporate control has contributed more broadly to the institutional weakness and perceived illegitimacy of workers’ collective action rights, even when those rights are grounded in labor law.  

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The Chicken/Egg Problem With Google Search That Prevents Competition

Google controls the British search market, according to the UK’s Competition and Markets Authority. Its 90 percent market share and profits from general search are protected by significant barriers to entry and expansion: economies of scale and scope, access to a large scale of query and click data and payments to Apple to have Google as the default search engine in its smartphones.

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