IS LACK OF COMPETITION STRANGLING THE U.S. ECONOMY?
by David Wessel
Despite their undeniable popularity, Apple, Amazon, Google, and Facebook are drawing increasing scrutiny from economists, legal scholars, politicians, and policy wonks, who accuse these firms of using their size and strength to crush potential competitors. (Their clout caught the attention of European regulators long ago.) The tech giants pose unique challenges, but they also represent just one piece of a broader story: a troubling phenomenon of too little competition throughout the U.S. economy.
Thereâs no question that most industries are becoming more concentrated. Big firms account for higher shares of industry revenue and are reaping historically large profits ...
Get HBR Insights Future of Business Boxed Set (8 Books) now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.