Ukrainian Law Blog
Freedom means the supremacy of human rights everywhere
Friday, January 5, 2018
HOW TO CURB SILICON VALLEY POWER—EVEN WITH WEAK ANTITRUST LAWS
TECHNOLOGY COMPANIES WITH
unprecedented power to sway consumers and move markets have done the unthinkable: They’ve made trust-busting sound like a good idea again.
The concentration of wealth and influence among tech giants has been building for years—90 percent of new online-ad dollars went to either Google or Facebook in 2016; Amazon is by far the largest online retailer, the third-largest streaming media company, and largest cloud-computing provider. Silicon Valley titans coasted to the top of the economy with little government oversight on the backs of incredibly convenient products, a killer backstory, shrewd lobbying, and our personal data.
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