Very thoughtful (2-fer) review. Thank you Bill Janeway! Spurs all kinds of questions about remedies. Anti-trust seems like an excellent place to start, but regulating conduct rather than breaking up the behemoths seems like the way to go. And who will lead? I think its much more likely a transnational European effort will have more bite than a US led effort -- even though the companies are US based. Or could, irony or ironies, authoritarian regime in their quest to suppress as the most effective counterweights? Lots Knightian uncertainty here!
Amar Bhidé, Professor of Business at Tufts University, is completing a book on Knightian uncertainty.