Friday, 20 July 2018

How to control Tech Oligopolies

A new effort has not be made to control the power of the FAANG oligopolies. Similar to the Trust-busting period of the early 1900's. These firms provide products that are superior but the nature of this new wave of technology leads to a winner-takes-all situation and dominance by the market leader. So let's look at the major players one by one:

Google - should not be allowed to favor paid ads, no collecting of individual search histories, full publication of search 'algorithm', no cross-selling of other Google products

Amazon - break up the hybrid model, sell own products or third party products

Apple - do not allow exclusive App store, Pay system

Facebook - do not allow collecting and use of search histories

Netflix - do not allow mix of platform and own production (Film studies had to divest cinemas in the USA)

Microsoft - end the copyright protection, long overdue

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