President Biden has it right. We need not agree with the details of Biden’s Executive Order on Promoting Competition to applaud its broad thrust. Something had to be done to inject old-fashioned vigour into antitrust policy, while retaining the innovative dynamism that has brought us so many products and services we have come to love, or at least upon which we are dependent. Make no mistake: these benefits are no freer than “Googling-it” and visiting “Friends”. We pay handsomely with our data – an uncompensated, involuntary act that makes a nonsense of the argument that these services are “free”. So the idea that the companies can’t price-gouge because their services are free is worth a chuckle, but not serious consideration.
Biden Revives Vigorous Antitrust Policy
Biden Revives Vigorous Antitrust Policy
Biden Revives Vigorous Antitrust Policy
President Biden has it right. We need not agree with the details of Biden’s Executive Order on Promoting Competition to applaud its broad thrust. Something had to be done to inject old-fashioned vigour into antitrust policy, while retaining the innovative dynamism that has brought us so many products and services we have come to love, or at least upon which we are dependent. Make no mistake: these benefits are no freer than “Googling-it” and visiting “Friends”. We pay handsomely with our data – an uncompensated, involuntary act that makes a nonsense of the argument that these services are “free”. So the idea that the companies can’t price-gouge because their services are free is worth a chuckle, but not serious consideration.