Tim Wu (previously) is best known for coining the term "Net Neutrality" but the way he got there was through antitrust and competition scholarship: in his latest book, The Curse of Bigness: Antitrust in the New Gilded Age, Wu takes a sprightly-yet-maddening tour through the history of competition policy in the USA, which has its origins in curbing the near-limitless power of the robber barons in the name of creating a pluralistic, open society where anyone could participate, only to have this vision perverted by extremists from the Chicago School, who sold (with the help of wealthy backers) a wholly fictional version of what Congress intended with its antitrust rules. According to Chicago's version of things, the only thing antitrust should concern itself with is the highly technical and speculative question of "consumer harm" (in the form of higher prices) and not competition itself.
Read the rest “The Curse of Bigness: Tim Wu channels Brandeis on Big Tech (and Big Everything Else)”
As Donald Trump's FCC gets set to kill Net Neutrality, lobbyists for the country's telcos and cable operators are tucking in their napkins and picking up their cutlery, getting ready to feast. Read the rest “Big Cable push-polled America on Net Neutrality, still found the majority in favor of it”