If this crisis can’t serve as the basis for subsidizing a laptop and internet access, nothing will. We either have a taste for income inequality or we are decent human beings.

washingtonpost.com/business/2020/…
This is happening in the year 2020. In the wealthiest country on earth.
Access to a computer and the Internet is not the school’s problem. It is society’s problem.

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More from @HalSinger

5 Sep
What if Congress told Amazon and other vertically integrated online platforms that the only way they could retain their Section 230 immunity would be to divest all operations/ownership in content moving across their platform?

1/7
Implicit in the plain language of the statute was the idea that the platform would be neutral and non-integrated--hence "ANOTHER info content provider." At the time of its passage, none of the platforms were vertically integrated, so Congress didn’t address that contingency. 2/7
If Amazon existed in its current form when the statute was drafted in 1996, Congress would have been forced to deal with the issue of vertical integration and how it interacts with immunity.

3/7
Read 11 tweets
19 Aug
Apple, Amazon, Alphabet, Microsoft and Facebook "now constitute 20 percent of the stock market’s total worth, a level not seen from a single industry in at least 70 years."

nytimes.com/2020/08/19/tec…
This is quaint.
Oh yes please tell me again how these markets are sooooooo contestable
Read 6 tweets
12 Nov 19
Kudos to Ian for calling attention to this important paper by Kamepalli Rajan & @zingales on edge innovation harms associated with acquisitions by dominant platforms. A few highlights coming soon.
The magnitude of the observed loss in investment in close startups is economically significant—a drop of 46% in dollars and 42% in number of deals.
This is a recognition by the investment community that once a dominant platform sticks a toe in a vertical, it’s time to get the hell out of dodge (especially in the absence of any protections for independent edge cos)
Read 7 tweets
9 Sep 19
Was asked this morning "how long" before we see an intervention from the feds. Better question, which wasn't asked, is WHY haven't we seen any *legislation* from Congress. (We know why DOJ AT hasn't moved here.)

finance.yahoo.com/video/state-at…
Four possible explanations for absence of federal regulation of tech platforms:

(1) Dems can’t reach agreement on whether structural separation is preferred to a nondiscrimination regime.

(2) Dems want to see what the state AGs can achieve via the courts/antitrust law.
(3) Dems don’t want to give Trump a legislative victory before 2020.

(4) Certain—but not all—key Dems are themselves beholden to the tech platforms for funding.
Read 4 tweets
19 Jul 19
Heading over to the courthouse now. CVS/Aetna hearing starts at 3 pm. This is your reading material, should you choose to accept this assignment.
Whoa that was intense. Need to get back to my office to share my thoughts, but depending on where Judge Leon goes, we could be heading towards a big fight over separation of powers and the role of courts and Congress to place a check on the alleged “mockery of justice” by the DOJ
* “mockery of judicial power”
Read 16 tweets
5 Mar 19
Sen. Lee: I don't share the enthusiasm to use #antitrust to address inequality/discrimination issues presented by the tech platforms. Antitrust shouldn't be used as a swiss-army knife. Congress has other policy tools.

1/N

#AntitrustSubcommitteeHearing
Sen. Klobuchar: Competition problem bigger than tech. GOP author of Sherman Act. Adam Smith talked about fear of monopoly. Teddy Roosevelt was a GOPer. This isn't partisan issue. Courts have made enforcing antitrust laws more difficult. Kavanaugh, Gorsuch will further this trend.
Reich: Pharma, agricultural, and tech present biggest problems. Less innovation, less productivity. Reduced level of business formation. Wages suppressed by monopsony power of dominant local buyers. Portion of economy going to wages dropping.

#AntitrustSubcommitteeHearing
Read 14 tweets

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