Regulating the Disrupters
Today’s leading technology firms have achieved ever greater concentration in their respective markets, and thrown into sharp relief the need for new antitrust policies, labor laws, and tax regimes. As policymakers confront this sprawling regulatory challenge, they must be prepared to question long-held principles and adopt a flexible approach.
TOULOUSE – The leading tech giants – such as Apple, Amazon, Facebook, and Google – explicitly set out to disrupt much of the world’s industrial and social status quo. They have now succeeded (I suspect) beyond their own wildest dreams, and probably beyond what some of their founders would have wished, considering the baneful effects that social media have had on democratic elections.