Category: Future of Technology

At a basic level, the new Antitrust Movement is about restricting unfair business practices enabled by new technologies and digital business models.

Examining the Business Implications of Amazon’s Anti-Competitive Conduct and Congressional Investigation’s Policy Recommendations

Most of the New Brandeisians’ arguments focus on the way monopolies by their very nature concentrate power among several individuals and the danger of affording digital oligarchs a disproportionate amount of power.

The Chicago School believed a laissez-faire approach with minimum government intervention would result in the most efficient allocation of resources, assuming that a self-correcting market composed of rational actors would maximize their own self-interest.

Whereas trusts are illegal, the legality of monopolies is more nuanced. Having monopoly power is not in itself an antitrust violation, though it is a prerequisite for an antitrust charge. At the heart of the argument for the existence of monopolies is Judge Learned Hand’s view in the landmark case United States v. Alcoa: “The successful competitor, having been urged to compete, must not be turned upon when he wins.”