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Wanted in the digital monopoly age - powers to curb the hold of online giants | John Naughton

5 days ago   |   By The Guardian

Analysis by Lina Khan reveals how Amazon exploits outdated thinking about competition One of the paradoxical things about digital technology is that while in theory it fosters competition, in practice it leads to winner-takes-all outcomes. The reasons for this are complex - they include zero marginal costs, powerful network effects, power-law distributions and technological lock-in - and need not detain us here. But we are all too familiar with the winners: Google in search; Apple's IoS and Google's Android in mobile operating systems; Facebook in social networking; YouTube in video...
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