Are monopolies extinct in the data-driven economy? Some argue yes. Pointing to the transformative powers of disruptive innovation, they reject concerns about monopolization. As Google’s chairman said, “the reason that you should trust us is that if we were to violate that trust people would move immediately to someone else.”[1] Barriers to entry are negligible, he noted, “because competition is just one click away.”[2]
The Networks of Control
Is virtual competition truly open to all?
Issue 58, 6th September 2017
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