1. How does the first era of antitrust thinking (1890-1950s) differ from the second era?
The ideology behind the Sherman Antitrust Act was that the consumer would benefit from the breakup of larger corporations that dominated their respectful industries. Later the public interest and attitude towards monopolies would change, becoming more lacks to larger corporations.
2. What is a “natural monopoly” and how has the United States dealt with natural monopolies?
A natural monopoly is when an industry doesn’t require multiple players. For example, when looking at the railroads, most of the lines are owned by a single company and other companies pay money to use them. It wouldn’t make much sense for every company to invest into laying railroads because the startup cost isn’t worth it.
3. What are three possible solutions to the market dominance and anti-competitive behavior of Facebook, Google, and Amazon?
The best way, which doesn’t mean the right way, would be to break them up. Remove What’s App and Instagram from Facebook, YouTube and Android from Google… Amazon might be a little more difficult to breakup. YouTube is a massive platform and Android dominates the global market for smartphones and mobile devices with a market share of roughly 70%.
4. How does the European model of antitrust differ from the American model?
The EU is a bit stricter with everything in general. Especially when it comes to American companies like Facebook and Google. They’re more focused on how an organization will impact the stakeholders and not just how much money they bring in.
Go to Google and find the Advanced Search link. Examine its SafeSearch filtering options. Surf the Web in search of content that could be considered objectionable for children using each of the options. What are the pros and cons of such restrictions? Are there terms that could be considered inappropriate to the filtering software but be approved by parents? Name five questionable terms. Prepare a brief presentation to report on your experiences and to explain the positive and negative aspects of such filtering software.
SafeSearch consists of “show most relevant results” and “filter explicit results.” These restrictions are like parental controls that allow parents to choose which type of content should be available for their children. This blocks out inappropriate content like drugs, sex, guns, etc., which is seen as a pro for the most part when it comes to children using the internet. Whereas, when it comes to teenagers and young adults, it could be blocking information that could be informational (con).
Review the section on net neutrality and search for two articles that take a position on the topic. Summarize each article and then write an essay describing your own position on net neutrality
First article favors neutrality because they see it to prevent companies like Verizon from charging more money while throttling data speeds. There would not be anyone to hold these service providers accountable if they adopted these shady tactics.
Second article opposed neutrality, stating that net neutrality hasn’t been around for that long and service providers rarely, if ever, throttled internet speeds. They also believe that this will stimulate the industry and encourage providers to invest into building, improving, and maintaining infrastructures to offer customers with a richer experience.