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I was very surprised reading because I thought it sounded _somewhat_ reasonable when she was describing the problem. However her solution is very drastic. I don
by gpsx 7y ago
I was very surprised reading because I thought it sounded _somewhat_ reasonable when she was describing the problem. However her solution is very drastic. I don think we have any precedent for knowing how the market would respond to such heavy handed regulation. I would have to agree she is out of touch there.
- dvt 7y ago> I don think we have any precedent for knowing how the market would respond to such heavy handed regulation. Of course we do. See Northern Securities v. United States, Standard Oil v. United States, and the many other landmark antitrust cases. Let's not pretend this hasn't been an issue before.
- wincy 7y agoDid we have large international competition in those days? What sort of international competition might be the result of busting up Google? I really don’t want to go back to the bad old days of Motorola, Nokia, and Ericsson making phone OSes. Would Alibaba be a better marketplace than Amazon if Amazon had separate companies, like if Amazon Essentials and AWS and Marketplace were distinct companies?
- gpsx 7y agoI agree there is a problem. And there would be precedent for breaking up a company. But she is going further than that. How about the definition of platform utilities for companies with annual global revenue of over $25 billion (see article for full details). There is more too, I won´t repeat the points of the article. I am pretty liberal but I think this kind of regulation is risky.