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From the byline: Competition enforcement by nations has had little impact. This doesn't "take on" big tech in terms of antitrust. Giving a platform with hundred
by Supermancho 3y ago
From the byline: Competition enforcement by nations has had little impact. This doesn't "take on" big tech in terms of antitrust. Giving a platform with hundreds of billions of dollars another hoop to jump over (which any competition would also then need to include) is an inconvenience, to further solidify their market hold.
- DrScientist 3y agoA good point - large incumbents often welcome complex regulation - as they act as a significant barrier to new entrants. However you could argue that companies like Google or Facebook were new entrants into the advertising market and unfairly competed with traditional players by breaking existing norms ( around privacy or taking editorial responsibility for promoted content ). Or the gig economy type of companies like Uber ignored existing employment law. Sometimes it's just about enforcing existing expected standards in new situations to create a level playing field. If you set the regulation at the level of what, and leave the how up to the companies - then you leave scope for competition and innovation in how to achieve the objective.