“”Google, Facebook, Amazon are increasingly just super-monopolies, especially Google and Facebook. The share of the markets they operate in is literally on the same scale that Standard Oil had 100 years or more than 100 years ago “
The only thing it will change Google’s behavior is regulation, said McNamee.
We’ve been saying this for four years. It’s time to smash the monopolies apart!
“Virtually every major sector in our economy has been whittled down to a few major players. Two companies produce nearly all of America’s toothpaste. One, Luxottica, produces nearly all the sunglasses. There are four cable and Internet providers, who have divvied up the country and rarely compete. There are four major airlines. There are four major commercial banks. There are four major Internet platforms — Amazon, Facebook, Apple, and Google — controlling your information flow, your data, and your virtual life.”
In a conference room overlooking the Chicago River last week, 35 years of thinking about the economy came under direct challenge. It won’t get as much attention as a Sean Spicer press conference or a Bernie Sanders town hall, but decades from now it may prove much more important to how our econ…