2019-07-23 09:22:00 Tue ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
Harvard economic platform researcher Dipayan Ghosh proposes some alternative solutions to breaking up tech titans such as Facebook, Google, Apple, and Amazon. As Ghosh suggests, breaking up tech titans would only serve to punish innovative tech enterprises that have already created tremendous economic value. The major tech titans have become quasi-monopolies that necessitate a novel and stringent set of *utility regulations* for better privacy protection and personal data usage. In fact, these regulations should obstruct the capitalistic overreaches of tech titans in order to protect the public against economic exploitation. Facebook, Google, Apple, and Amazon reap substantive mercenary gains from their network services when more people use these services.
Their current infrastructure makes it extraordinarily difficult for new entrants to offer competitive levels of consumer utility. The tech titans extract consumer currency on the basis of personal data and attention. Moreover, these tech pioneers extract consumer currency on one side of the platform, and then exchange such currency for monetary revenue at high margins on the other side of the same platform. This subtle but corrosive form of economic exploitation seems objectionable to Justice Department, Federal Trade Commission, and European Commission. Ghosh thus advocates an alternative case for utility regulations in lieu of breaking up the tech titans such as Facebook, Google, Apple, and Amazon.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-06-09 11:29:00 Sunday ET

St Louis Federal Reserve President James Bullard indicates that his ideal baseline scenario remains a mutually beneficial China-U.S. trade deal. Bullard ind
2019-08-18 11:33:00 Sunday ET

House Judiciary Committee summons senior executive reps of the tech titans to assess online platforms and their market power. These companies are Facebook,
2018-09-25 10:35:00 Tuesday ET

Sirius XM pays $3.5 billion shares to acquire the music app company Pandora. This acquisition would form the largest audio entertainment company worldwide.
2023-06-28 09:29:00 Wednesday ET

Carmen Reinhart and Kenneth Rogoff delve into several centuries of cross-country crisis data to find the key root causes of financial crises for asset marke
2018-12-15 14:38:00 Saturday ET

Google CEO Sundar Pichai makes his debut testimony before Congress. The post-mid-term-election House Judiciary Committee bombards Pichai with key questions
2018-08-23 11:34:00 Thursday ET

Harvard financial economist Alberto Cavallo empirically shows the recent *Amazon effect* that online retailers such as Amazon, Alibaba, and eBay etc use fas