From WSJopinion: Tech platforms effectively raise prices through censorship, acting as a classic monopolist and reducing consumer welfare, write Michael Faulkender and SteveMiran
The litmus test for government antitrust actions has traditionally been thedeveloped by Robert Bork: If consolidated market power doesn’t lead to higher prices, consumers haven’t been harmed, and there’s no justification for government to act. By this view, Big Tech is off the hook. Its prices are low, sometimes free.
This view is too narrow. For one thing, digital networks with monopoly power can charge higher prices for advertisements, ultimately passed on to consumers.
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