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Every economy has information networks like roads, broadband, shipping services, etc, and government’s role in the economy should be to keep those networks fair
by camjohnson26 5y ago
Every economy has information networks like roads, broadband, shipping services, etc, and government’s role in the economy should be to keep those networks fair and efficient. Free market competition is the best way to handle price discovery, but it becomes a problem when one company can take over the full information network.
Most of the massive companies today have successfully captured an entire network or a huge part of one, Facebook with the social graph, Microsoft with OS, Amazon with AWS and online shopping, Apple with mobile devices. Any antitrust legislation should focus on opening up those networks, but without introducing the inefficiencies that show up any time government takes something over because of misaligned incentives.