Regulating huge techs
Luigi Zingales lays out a framework for regulating bigetchs:
Digital markets are world in nature and vulnerable to “tipping”. The mix of those two components makes the distortions of the inevitable monopolies in these markets very massive, nevertheless it additionally undermines any effort at coping with these distortions at a nationwide degree. I argue that the issue can solely be solved by structural interventions that restore circumstances for competitors. But, no nationwide regulator can have the power to take action. Regulation can solely come up in a world context. Paradoxically, the rising worldwide rigidity can create political alternatives for such worldwide regulation.
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