I am becoming anxious to see some action out of the DOJ Anti-Trust division against Google, Facebook, and Amazon, etc. These tech behemoths effectively own most of the consumer internet and they use their muscle to either acquire or force out the majority of other players. More regulation is not going to cut it (or else it would have already).
In America (and most places), law normally lags quite a bit behind the events of the day. Standard Oil destroyed markets unchecked for several decades in the 1800s. No individual or company could withstand their market power. Then the government divided it into dozens of vertically integrated companies, which allowed for a wave of new market entrants, better deals for consumers, and higher standards of living for more people.
We are obviously at that breaking point now with the tech behemoths and their sprawling, impregnable market power. It is time for antitrust action against Facebook and the gang.
In America (and most places), law normally lags quite a bit behind the events of the day. Standard Oil destroyed markets unchecked for several decades in the 1800s. No individual or company could withstand their market power. Then the government divided it into dozens of vertically integrated companies, which allowed for a wave of new market entrants, better deals for consumers, and higher standards of living for more people.
We are obviously at that breaking point now with the tech behemoths and their sprawling, impregnable market power. It is time for antitrust action against Facebook and the gang.