Market power

Contextualizing the Dispute Between Australia, Facebook, and Google

The Australian Competition and Consumer Commission's draft news media bargaining code for digital platforms has elicited aggressive responses from both Google and...

The Monopoly Harms That Antitrust Keeps Missing

In his new book Monopolized, journalist David Dayen tells the stories of individuals who have suffered at the hands of monopolists, showing...

Tech Monopolies Are the Reason the US Now Has a TikTok Problem

Tech platforms like Facebook say we should protect, empower, and celebrate their concentrated power for the sake of America’s national security. But...

Big Tech Is Officially Too Big to Manage

Last week’s Congressional hearing on Big Tech showed the CEOs of the four largest tech platforms unable to answer basic questions about...

The House’s Big Tech Hearing: Break Ups Large and Small?

Last week’s epic House hearing on online platforms raised many issues, chief among which was the question who gets to operate at...

Top 10 Admissions from Tech CEOs Secured at the Antitrust Hearing

This week’s Congressional hearing produced evidence of anticompetitive conduct that state attorneys general and private enforcers can use to pursue the dominant...

The EU’s Attempt at Updating Antitrust Market Definition for the Digital Age

The rise of digital platforms has upended markets and the very act of market definition—the basic unit of antitrust analysis. With the...

Fixing Facebook Would Take More Than Collective Action – It Requires Structural Change

With its dominant market power and its role as both social outlet and news provider, Facebook possesses enormous power over the flow...

Here’s How Covid-19 Is Boosting Monopolization and Market Power

Monopolization and consolidation can happen for what seem to be good, or least necessary, reasons. How we respond as a society depends...

Why Amazon Is Poised to Emerge from the Covid-19 Crisis Stronger Than Ever

So far, Amazon has reacted to the coronavirus outbreak with restrictions designed to cement its market power at the expense of merchants and consumers. Amazon...

LATEST NEWS

Bethany McLean’s Weekend Reading List: Wirecard, Covid-Overwhelmed Hospitals, and Plastic

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

“50 Years Later, It’s Time to Reassess”: Raghuram Rajan on Milton Friedman and Maximizing Shareholder Value

The biggest problem with shareholder value maximization is that it completely turns a tin ear to politics. The alternative is to maximize...

It Is Time to Move on From Friedman’s View of the Corporation

The anti-CSR position defended by Friedman would be acceptable only under conditions that have never been met by any real-world economy. Furthermore,...

Corporations Are Already Plenty Powerful. Stakeholder Capitalism Could Make Them More So

Encouraging corporations to further step into the role of governments and civil society groups by becoming more "socially focused" risks greater depreciation...

The Real Effects of Environmental Activist Investing

A new study examines the efficacy of climate-focused investor engagements initiated by the New York City Pension System. Its findings support the...