United States antitrust law

It’s Time to Break Up Facebook, by Chris Hughes, the co-founder of Facebook is very thorough in describing the current monopoly behavior of Facebook, the deleterious effects on competition and vigor in the economy of monopolies, and a great introduction to the history of anti-trust movements and legislation in the US.

Corporate concentration of income and wealth are core features of capitalism. From its earliest cheerleaders like Adam Smith, the drive for corporations to get ever larger and in the doing drive their competitors out of the market was noted and warned against. John Oliver provides a thorough and amusing introduction.

The new digital economy is displaying the same drive to concentration, monopolies and oligopolies, that capitalism has always displayed. Facebook, Google, Amazon, Apple, and Microsoft are just a new face of the predatory monopolists of the Rockefeller Standard Oil age.