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Regulation is needed to make the tech industry act in line with the public good and not just its CEOs’ stock options
Via Graham Watson
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Rescooped by Bruce Fellowes from Microeconomics: IB Economics |
Scoop.it!
Via Graham Watson
Interesting view of Zuckerberg et al as 'robber barons' but to what extent does Toby Walsh have a point? Are the tech giants now so big, and so powerful that they have become inefficient and able to exert an undue amount of market power.
The problem I have with the simple injunction "Break them up" is that it doesn't make the economies of scale associated with the companies go away - and hence, once broken up, the logical thing would be for the companies to reform.
But perhaps that's for another day. And more legislative action.