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Attorneys Generals from 48 states, Puerto Rico, and Washington DC have launched an investigation into Google for possible antitrust violations. Is there a basis for these investigations, or are the AG’s trying to get a say in how to run the tech giant? Watch Dr. Mark Jamison's take on the antitrust probe online at AEI.
The AGs are zeroing in on Alphabet — Google’s parent company — but they are sniffing around Facebook and other US tech leaders too. This is likely to be yet another costly investigation for Alphabet. The EU has already fined it about $9 billion. US federal antitrust authorities have investigated Alphabet before and are doing [...]
In 2015 I wrote about whether tech company profits were too high. I explained that the since about 90 percent of all tech startups either lose money or at best break even, the high profits of the few are needed to keep investors funding the sector. However, critics of America’s tech giants (see here and [...]
What would the tech industry look like if it were more regulated? It would become something billions of people around the world are saying they do not like. Read Dr. Mark Jamison's full blog post online at AEI.
People seeking government protections from market competition generally tell a story about the nobility of their work and how society suffers if the protection-seekers face competition. The Bell System monopoly argued that rural America would lose telephone service if MCI was allowed to provide long distance service. Google, Facebook et al. argued that net neutrality [...]