by Summary:
Even from a conservative point of view, the concentration of power at large tech companies is scary. As a true conservative, you’re afraid of the constitutional power in the government. Not because the government is evil per se, but because you don’t trust human nature and concentration of power. So if you have the same concentration of power in the private sector it doesn’t become fine all of a sudden. If anything, it becomes more dangerous. At least, we have ways to address the concentration of power in the public sector. In contrast, we have none in the private sector, especially with regard to such large companies like Google and Facebook where the control is in the hands of only three people because of the dual stock class structure. In the case of Google, they are Larry Page and
Topics:
Mike Norman considers the following as important: anti-trust, Monopoly, natural monopoly
This could be interesting, too:
Even from a conservative point of view, the concentration of power at large tech companies is scary. As a true conservative, you’re afraid of the constitutional power in the government. Not because the government is evil per se, but because you don’t trust human nature and concentration of power. So if you have the same concentration of power in the private sector it doesn’t become fine all of a sudden. If anything, it becomes more dangerous. At least, we have ways to address the concentration of power in the public sector. In contrast, we have none in the private sector, especially with regard to such large companies like Google and Facebook where the control is in the hands of only three people because of the dual stock class structure. In the case of Google, they are Larry Page and
Topics:
Mike Norman considers the following as important: anti-trust, Monopoly, natural monopoly
This could be interesting, too:
Jeff Mosenkis (IPA) writes IPA’s weekly links
Mike Norman writes The trouble with capitalism — Chris Dillow
Mike Norman writes ProMarket — “The World Has Changed”: the New York Times on Luigi Zingales, the “Chicago School,” and the Threat of Tech Monopolies
Mike Norman writes How Robert Bork Fathered the New Gilded Age — Sandeep Vaheesan
Even from a conservative point of view, the concentration of power at large tech companies is scary. As a true conservative, you’re afraid of the constitutional power in the government. Not because the government is evil per se, but because you don’t trust human nature and concentration of power. So if you have the same concentration of power in the private sector it doesn’t become fine all of a sudden. If anything, it becomes more dangerous. At least, we have ways to address the concentration of power in the public sector. In contrast, we have none in the private sector, especially with regard to such large companies like Google and Facebook where the control is in the hands of only three people because of the dual stock class structure. In the case of Google, they are Larry Page and Sergey Brin, at Facebook it’s Mark Zuckerberg....How to deal with natural monopolies.
ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of Business
“You Can Put the Monopoly Tiger in a Cage but You Cannot Transform a Tiger Into a Vegan”
TheMarket interviews Luigi G. Zingales, professor of finance at the University of Chicago Booth School of Business