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Breaking Away sounds a warning call alerting readers that their
privacy and autonomy concerns are indeed warranted, and the
remedies deserve far greater attention than they have received from
our leading policymakers and experts to date. Through the various
prisms of economic theory, market data, policy, and law, the book
offers a clear and accessible insight into how a few powerful firms
- Google, Apple, Facebook (Meta), and Amazon - have used the same
anticompetitive playbook and manipulated the current legal regime
for their gain at our collective expense. While much has been
written about these four companies' power, far less has been said
about addressing their risks. In looking at the proposals to date,
however, policymakers and scholars have not fully addressed three
fundamental issues: First, will more competition necessarily
promote our privacy and well-being? Second, who owns the personal
data, and is that even the right question? Third, what are the
policy implications if personal data is non-rivalrous? Breaking
Away not only articulates the limitations of the current
enforcement and regulatory approach but offers concrete proposals
to promote competition, without having to sacrifice our privacy.
This book explores how these platforms accumulated their power, why
the risks they pose are far greater than previously believed, and
why the tools need to be far more robust than what is being
proposed. Policymakers, scholars, and business owners, managers,
and entrepreneurs seeking to compete and innovate in the digital
platform economy will find the book an invaluable source of
information.
"A fascinating book about how platform internet companies (Amazon,
Facebook, and so on) are changing the norms of economic
competition." -Fast Company Shoppers with a bargain-hunting impulse
and internet access can find a universe of products at their
fingertips. But is there a dark side to internet commerce? This
thought-provoking expose invites us to explore how sophisticated
algorithms and data-crunching are changing the nature of market
competition, and not always for the better. Introducing into the
policy lexicon terms such as algorithmic collusion, behavioral
discrimination, and super-platforms, Ariel Ezrachi and Maurice E.
Stucke explore the resulting impact on competition, our democratic
ideals, our wallets, and our well-being. "We owe the authors our
deep gratitude for anticipating and explaining the consequences of
living in a world in which black boxes collude and leave no trails
behind. They make it clear that in a world of big data and
algorithmic pricing, consumers are outgunned and antitrust laws are
outdated, especially in the United States." -Science "A convincing
argument that there can be a darker side to the growth of digital
commerce. The replacement of the invisible hand of competition by
the digitized hand of internet commerce can give rise to
anticompetitive behavior that the competition authorities are ill
equipped to deal with." -Burton G. Malkiel, Wall Street Journal "A
convincing case for the need to rethink competition law to cope
with algorithmic capitalism's potential for malfeasance." -John
Naughton, The Observer
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