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>companies like Facebook, Alphabet, and Verizon It may well be worth applying far stronger anti-trust to all of those, but I still think it's a mistake to lump
by xoa 8y ago
>companies like Facebook, Alphabet, and Verizon
It may well be worth applying far stronger anti-trust to all of those, but I still think it's a mistake to lump together some companies that are merely big and have network effects with a company that has both government granted and natural monopolies on limited physical infrastructure. Given the massive backlash in just the last year against Facebook, and competitors growing vs Alphabet, it is at least arguable that it's too early for drastic steps before seeing what happens. There have been other big tech players that nevertheless got displaced over a decade or two (Xerox, IBM say). And even if they do need remedies, those may well be different remedies then what would be appropriate for Verizon (GDPR-style for example, transparency and control for people over data). There is in fact only so much available usable EM spectrum, or rights of way for cables. It's a different class of problem with different solutions and tradeoffs.
I just worry that if you lump too disparate things together it'll become an easy defense for the worst of them, and we'll end up with a situation where the likes of Verizon or Comcast or AT&T or whomever refer to themselves as part of the "Google/Facebook" group and then point to Bing and claim anti-trust is overblown. Also, reducing the most end point monopolies could have ripple effects up the stack, if everyone had content neutral symmetric WAN links closer to LAN speeds again it could significant aid decentralization, at least for the initial growth stages.
- anderskaseorg 8y agoA network effect _is_ a kind of monopoly, and this monopoly power can be abused like any other. It’s harder to compete with Facebook than it would be in an idealized free market because there are only so many different platforms a user will be willing to use to keep in touch with their friends. This fact alone doesn’t automatically make Facebook evil, but does mean it deserves an appropriate level of scrutiny and regulatory oversight like companies with other kinds of monopoly power, even if the details differ.
- Atheros 8y agoYou're describing a "common carrier". https://en.wikipedia.org/wiki/Common_carrier#Telecommunications https://en.wikipedia.org/wiki/Common_carrier#Telecommunicati...
- mtgx 8y agoThe FTC staff had already recommended antitrust action against Google over its abuses back in 2012 but Obama killed the investigation to save them. Google was smaller back then and it was also before the EU had 3 antitrust cases against it. I fail to see how Alphabet is in a better position now. And Facebook should have never been allowed to buy WhatsApp and Instagram. It was already big enough at the time.
- criddell 8y agoMerely big is a problem all by itself, IMHO. That's more a side effect of the lack of regulations around political spending by corporations but it's still a problem. Aside from political influence, any company that's too big to fail is probably just too big.