Conversation:
Notices
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https://www.cnbc.com/2020/10/20/doj-antitrust-lawsuit-against-google.html [www cnbc com]
Google sued by USDOJ over search dominance and other anti-competitive behaviors
When does big become "too big"?
I'll copy these responses back into the proper thread in an edited version once I've finished exploring the thoughts.
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When does big become too big? First of all, various national governments have grappled with this question since the beginning of the Industrial Revolution. They've evolved various tests to try to determine the appropriate point to intervene, but I don't believe these tests are either consistent from nation to nation nor are they adequate even within a single nation. USDOJ pursu…
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I was a business major, and we did have some discussions in Business Law and Legal Environment of Business about antitrust (US term) and competition law (European term). However, that was a _really_ long time ago. For example, we talked a bit about one of the railroad barons (JP Morgan?) forcing a steel baron (Andrew Carnegie?) to sell by refusing to carry their products, and h…
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Actually, a company doesn't need to have *monopoly* market power to be too big and powerful. If it is part of an oligopoly (a small number of companies that together control a market), it and its co-oligopolists are too large and powerful. I believe it was John D. Rockefeller's Standard Oil that was actually organized as a series of "trusts" which owned majority interests in do…
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If a company is able to leverage dominance in one market to catapult to the top of another market, then that company was too large and powerful in its original market. Probably the canonical example of this is Amazon. They started as an online bookseller, then expanded to other products as other booksellers closed up shop all over the country. They added their marketplace and t…
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