Monday, December 23

Tag: antitrust

Data Is the New Currency
1Aug By adminNo Comments
Business

Data Is the New Currency

By Christos A. Makridis and Joel ThayerAmerica’s antitrust policies are stuck in the 1980s. That was when courts and regulators began relying on what’s called the consumer-welfare standard. Articulated in Robert Bork’s 1978 book, “The Antitrust Paradox,” the standard replaced classical antitrust analysis, which focused primarily on promoting competition. Courts and regulators are supposed to take into account a variety of consumer benefits, including lower prices, increased innovation and a better product quality. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why the U.S. government may try to break up Amazon
29Jul By adminNo Comments
Money

Why the U.S. government may try to break up Amazon

A showdown between Amazon and government regulators over whether it is overly dominant may soon be coming to a head, with the Federal Trade Commission preparing to sue — and possibly break up — the world's largest e-commerce company, according to Politico and Bloomberg. The retailer, which also operates an advertising agency, shipping network, supermarket chain and movie studio, has become a mainstay in Americans' lives. But its explosive growth, which has made founder Jeff Bezos one of the world's richest people, has also long spurred calls for the company to be reined in, with consumer activists claiming that the behemoth uses monopolistic practices to preserve its stronghold. For FTC Chair Lina Khan — who first came to prominence while still in law school by writing a paper arguing tha...
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