(2017-07-25) Wenger Attention On Digital Monopolies

Albert Wenger: Attention on Digital Monopolies. I am concerned that regulators are missing the fundamental source of monopoly power in the digital world: network effects arising from the control of data.... The only way to go up against this effect is to shift computational power to the network participants.

Unfortunately instead of looking for this kind of digitally native solution, regulators are largely reverting to the industrial age tool of antitrust regulation.