As legal proceedings begin in the U.S. Justice Department’s case against the proposed AT&T-Time Warner merger, cries of “duopoly” against leading tech services continue to be raised despite clear examples of competitors repeatedly building innovative products and partnerships to expand their advertising reach. An Analysys Mason report notes: “Ultimately, online and TV players are experimenting […]
Yesterday, in Harvard Business Review, Brookings Institution Senior Fellow David Wessel provided four “warning signs” to guide policy discussions on industry concentration trends. Concerns of economic concentration reflect real challenges in our economy, but the tech sector is bucking the trend: 1. Business dynamism: The tech sector is growing faster than GDP with new companies and […]
Speaking with Recode’s Kara Swisher this morning on leading tech services, Senate Minority Leader Chuck Schumer (D-NY) argued the world is better off with them. When asked about growing tech companies, Sen. Schumer noted, “Yes, they’re big. But big can do good things as well as bad things. And you gotta separate the wheat from […]
Yesterday in The Atlantic, Robert Atkinson and Michael Lind wrote, “The anti-monopoly school identifies many genuine problems, ranging from low wages to the massive influence of money in politics. But the solution to low wages is not to break up big, productive firms that pay higher wages. Public policy should encourage start-ups that have the […]
In the latest issue of Esquire, NYU marketing professor Scott Galloway offers his latest salvo on leading tech services. But in the Harvard Business Review, Georgetown’s renowned Internet industry analyst Larry Downes’ writes “How More Regulation for U.S. Tech Could Backfire.” Downes highlights how the best regulator of technology is “simply more technology.” Taken together, […]
The Word Economic Forum in Davos — or as Vox’s Zeeshan Aleem called it “the ultimate club for establishment elites” — is sometimes mocked for being out of touch with reality. America’s leading tech services were a focus of attacks from some of the Davos elite, with some investors and executives calling criticizing tech companies […]
Be it in the form of wages, jobs, investment, or entrepreneurship, today’s leading technology services have opened the floodgates of economic opportunity in the United States. They invest heavily in research, people, and ideas spurring economic growth that has touched every corner of the country.
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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