Google has violated US antitrust law with its search business, a federal judge ruled Monday, handing the tech giant a staggering court defeat with the potential to reshape how millions of Americans get information online and to upend decades of dominance.
Coming from an entrepreneurial background, I tend to lean towards the advantages of allowing high economic growth incentives for the people who invent or improve on things in the world. I think this is the best incentive structure ever conceived for promoting advancements.
But more and more I realize that as a society we need stronger antitrust controls to keep the behemoths from becoming modern day fiefdoms.
If a company corners a market, it should be pushed into divesting so that it doesn’t become a black hole and vacuum up everything around it, which inevitably leads to bad outcomes.
This kind of a policy could serve to reboot the investors so they have to go back and invest in something new or competitive again, rather than horde it.