Tag: technology and innovation
The House Judiciary Committee will hold a hearing featuring the CEOs of Apple, Amazon, Facebook, and Alphabet on July 27. One purpose of the hearing appears to be to set the stage for the release of a committee staff report that, according to rumors, will recommend changing laws so that antitrust officials can pursue these [...]
Would the world be a better place if fewer people used Google search? Not according to the hundreds of millions of Google users worldwide. Unfortunately, some people involved in antitrust think the users are wrong. And if the company’s detractors get their way, consumers will be worse off. Read Dr. Mark Jamison's full blog post [...]
Big tech is biased. It has to be. Big Tech is in the information industry, where value is created by processing data in meaningful ways. This isn’t to say that all of the accusations are accurate, nor that all biases are valuable. Rather, bias naturally emerges from human biology. The only question is what types [...]
In Sen. Amy Klobuchar’s (D-MN) proposed “Anticompetitive Exclusionary Conduct Prevention Act of 2020,” the score is: consumers 2, and antitrust litigators 20. The litigators win. According to the bill’s general statement, it seeks to “deter anticompetitive exclusionary conduct that harms competition and consumers.” Is the bill about bad companies harming consumers? Read Dr. Mark Jamison's [...]
Could one of the casualties of COVID-19 be the myth that market share means market power? Probably not. But the economic lessons from the pandemic should at least cause myth adherents to question their faith. Read the full blog post online at AEI.