The consumer welfare standard, the bedrock of antitrust law, acknowledges the power of competition to drive innovation, superior quality, choice, and price for the benefit of consumers. When consumers are empowered, competition becomes very dynamic, as demonstrated by tech services that are constantly driven to enhance their offerings to attract and retain customers. — Competition […]
Yesterday, the House Committee on Small Business held a hearing examining the impact of leading tech services on America’s small businesses. The hearing featured positive input from technology experts and small business owners, with an unambiguous main point: leading tech services allow small businesses to innovate and compete in ways that they otherwise couldn’t. Highlights […]
Tomorrow, the House Judiciary Committee will hold another hearing on tech, with an eye towards data, privacy and competition. As rhetoric surrounding leading tech services heats up, and opinions increasingly get in the way of facts, here are three important points to keep in mind: — Privacy is not a competition issue, and antitrust tools […]
Last week, a Wall Street Journal report revealed yet another example of antitrust attacks being levelled by competitors concerned with protecting their own market positions, not competition or the welfare of consumers. This most recent case of “swampetition” (defined as “the strategy of persuading regulators to hamstring competitive rivals, competing not in the market but […]
This week’s hearing on tech mergers and acquisitions (M&A) by the Senate Judiciary Committee featured testimony from public- and private-sector antitrust experts. In a robust discussion, experts made it clear that: — Significant restrictions on acquisitions may lead to unintended consequences for smaller firms by reducing innovation and limiting entrepreneurial opportunities. — For many mergers […]
At home or away, as you soak up the summer sun, Springboard has you covered with a little beach reading on the debate over competition in the tech sector. Check out the articles below. Northwestern University’s Mark McCareins in an interview with Kellogg Insight’s Glenn Jeffers: “Simply because a firm becomes large and has innovated […]
As the debate over tech competition continues, here are three expert perspectives to keep in mind. For more information, visit SpringboardCCIA.com. University of Pennsylvania Professor Herbert Hovenkamp: Antitrust law’s focus “should be on maximizing output, which benefits both consumers and workers.” “Any time a merger or other practice reduces a firm’s costs or improves its […]
Yesterday, the House Judiciary Committee heard from representatives of leading tech services, antitrust experts, and tech critics as part of the ongoing examination of competition in tech. Beyond robust competition, witnesses noted tech services drive innovation with significant R&D investments, offer consumers unparalleled choice and quality, and lower barriers for entrepreneurs and small businesses. Highlights […]
Today, leading tech services will appear before the House Judiciary Subcommittee on Antitrust to discuss competition and innovation in the tech sector. Ahead of the hearing it’s important to remember four key things: Small businesses across the country leverage the tools developed by leading tech services Jake Ward, President of the Connected Commerce Council, notes […]
Earlier this week, Michael Mandel of the Progressive Policy Institute released a report on the economics of advertising. As Mandel points out, the ongoing transformation of the advertising industry is just the free market at work. Any artificial “protection” publishers receive, the report argues, would freeze the news industry in the past, harming consumers and […]
Hostility to innovation and technology diminishes the incredible Internet-enabled opportunities that leading tech services provide: empowering consumers, driving prices down and increasing choice, and providing platforms to help entrepreneurs grow their businesses. It has given us a golden era of entertainment, knowledge, and everything from fashion startups, to booming mom and pop stores, to the latest app.
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