Momentum Is Building For Antitrust Reform. Here’s What That Means For Big Tech

Martha C. White, Time: Business
Fri, 11/12/2021 - 10:55am

Worry about the concentration of wealth and power achieved by monopolistic—or potentially monopolistic—entities have always been wrapped up in each respective era’s technological innovations. It is not surprising then that the focal point of today’s debate around antitrust reform is the size and scope of internet giants like Google, Facebook (Meta Platforms, Inc.), Amazon and Apple—the pioneers laying the digital “railroad tracks” that have upended communication and commerce and, not coincidentally, allowed these companies to grow very, very powerful. The history of antitrust legislation in the U.S.

Topics: facebook meta platforms apple&mdash u.s second industrial revolution the sherman antitrust act clayton antitrust act sherman act historically when justice department doj federal trade commission ftc beacon policy advisors ldquo;one william kolasky hughes hubbard reed president joe biden lina khan doj s antitrust ldquo;khan time graeme jennings/getty imageslina m khan senate commerce science transportation committee april dc khan jonathan kanter doj&rsquo tim wu columbia gilded age national economic july robust america&rsquo white house competition the administration jonathan osborne gunster what s monopolistic house judiciary committee&rsquo sen amy klobuchar d-mn senate subcommittee competition policy consumer rights arkansas senator tom cotton opportunity act the klobuchar-cotton iowa senator chuck grassley r senate judiciary committee american innovation choice online act horrible no good very bad week and what it means antitrust reform merger filing fee modernization act representatives doj antitrust ldquo;covid william kovacic competition law center george washington facebook s antitrust victory could inspire rules entirely democrats republicans tech.&rdquo data david reichenberg apple&rsquo prime american airlines jetblue airways new york city boston d.c earlier penguin random house simon schuster ldquo;what reform ultimately google amazon in antitrust antitrust doj ftc ftc june big tech white house congress washington d.c biden biden&rsquo division senate university council americans house house klobuchar klobuchar antitrust republican platform competition the opportunity act read reform kovacic law big tech reichenberg tech momentum building companies legislation people standard services executive business welfare order giants experts products power consumers members heightened forced scope mergers political firms month hard industry rival stifle introduced legal worry bipartisan bills bill search prove block support global role agriculture critical corporate today professor coalition competitors powerful price smaller digital activities framework size principle anticompetitive acquisitions communication practices expand industries policymakers monopolies officials apply expanded start office pandemic major constraints don general nomination calls conservative arguing argue key critics priorities tapped letter branch ldquo;i effects,&rdquo target wrestle long focused issues millions filed speech lifelines focus passed companies&rsquo level advocates

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Momentum Is Building For Antitrust Reform. Here’s What That Means For Big Tech

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