When is 'Big' Just Too Big?

 

There’s a pretty direct correlation between increased consolidation and decreased wages.

Lina Khan Majority Counsel, Subcommittee on Antitrust, Commercial and Administra...
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When is 'Big' Just Too Big?

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A large, unsettling question looming among Washington regulators, lawmakers, and now state Attorney’s General across the US is whether the time has come to break up the big five: Facebook, Amazon, Google, Netflix, Apple. Have these powerful tech companies, once the darlings of the start-up community not twenty years past, become so dominant that they are stifling competition and entrepreneurship? Does their respective dominance in search, retail, apps, operating systems, cloud technology and more pose anti-competitive threats? And, if so, is the current state of antitrust law able to tackle them? While still a student at Yale Law School, Lina Khan gained wide celebrity for her analyses of anti-competitive behavior. Studying the digital marketplace, she is making waves by arguing that in this time of big data, artificial intelligence, and winner-take-all markets, tech companies have immense structural power that the current approach to antitrust law fails to capture.

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