Big Tech Cannot Be Regulated
#BigTech is so profoundly different from other industries
Antitrust regulation was originally designed to prevent price gouging by megafirms that restricted supply until the price hit a level maximizing their monopoly profit, at the expense of consumers and workers (whose employment falls alongside output). Obviously, this is irrelevant in the case of Big Tech’s services, which are free of charge and free of supply constraints.
#antitrust
https://www.project-syndicate.org/commentary/big-tech-regulation-less-realistic-than-collective-ownership-by-yanis-varoufakis-2023-10
GW /
npub19x…vn5es
2023-10-25 02:59:40
Author Public Key
npub19xr9fv3f63ufnjjse5gxwy2q5kt2rha6h2jd2u2yxs04wpynt5hs6vn5esPublished at
2023-10-25 02:59:40Event JSON
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