The problem of monopolies is moving back to the forefront of American politics, as mega-mergers like AT&T and Time Warner or Charter and Time Warner Cable are weathering shouts of outrage from everyone from Sen. Elizabeth Warren (D-Mass.) to President-elect Donald Trump. But perhaps the biggest monopolies we should be worried about are two Silicon Valley giants: Google and Facebook. Monopolies are generally thought to be bad because they jack up prices and screw consumers. And that's not wrong. ...
The problem of monopolies is moving back to the forefront of American politics, as mega-mergers like AT&T and Time Warner or Charter and Time Warner Cable are weathering shouts of outrage from everyone from Sen. Elizabeth Warren (D-Mass.) to President-elect Donald Trump. But perhaps the biggest monopolies we should be worried about are two Silicon Valley giants: Google and Facebook. Monopolies are generally thought to be bad because they jack up prices and screw consumers. And that's not wrong. ...
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