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eBook
The New Goliaths
2022
Overview
An approach to reinvigorating economic competition that
doesn't break up corporate giants, but compels them to share their
technology, data, and knowledge \"Bessen is a
master of unpacking the nuances of a complex array of interrelated
trends to build a coherent story of how the promise of the
democratized Internet ended up under the control of just a few.
Read The New Goliaths to see how the forest came to have
only room for a few tall trees with the rest of us in the
undergrowth.\"-Joshua Gans, coauthor of Prediction Machines: The
Simple Economics of Artificial Intelligence
Historically, competition has powered progress under capitalism.
Companies with productive new products rise to the top, but sooner
or later, competitors come along with better innovations and
disrupt the threat of monopoly. Dominant firms like Walmart,
Amazon, and Google argue that this process of \"creative
destruction\" prevents them from becoming too powerful or
entrenched. But the threat of competition has sharply decreased
over the past twenty years, and today's corporate giants have come
to power by using proprietary information technologies to create a
tilted playing field. This development has increased economic
inequality and social division, slowed innovation, and allowed
dominant firms to evade government regulation. In the face of
increasing calls to break up the largest companies, James Bessen
argues that a better way to restore competitive balance and
dynamism is to encourage or compel these companies to share
technology, data, and knowledge.
Publisher
Yale University Press
Subject
ISBN
0300255047, 9780300255041, 0300265026, 9780300265026
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