August 21, 2019
Lots of things influence prices and, of course, not all are influenced by the same factors. However, the lawsuit filed by several state attorneys general against T-Mobile/Sprint merger explicitly links the number of competitors in wireless market places to lower prices in several places.
August 20, 2019
Today former U.S. Senator Jon Kyl (R-AZ), in fulfillment of an arrangement with Facebook, released an independent Interim Report (and accompanying op-ed) cataloging the primary concerns of conservatives who, as is now well known, regard Facebook as unfairly biased and opposed to conservative viewpoints.
August 14, 2019
Fallout from the 2018 South Dakota v. Wayfair Supreme Court decision, which allowed remote sales tax collection from online purchases, has begun and The Wall Street Journal editorialized on the sad state of affairs yesterday. The Competitive Enterprise Institute spent twenty years articulating the advantages of tax competition and warning of the repercussions of allowing states to reach outside their borders and collect taxes from businesses located entirely outside that state.
August 9, 2019
Earlier this week it was reported that the Trump administration was drafting an executive order to combat perceived “censorship” of conservatives on online platforms such as Facebook and Google. Without details, the Competitive Enterprise Institute urged caution since the First Amendment does not empower government to police speech but rather restricts government from limiting or compelling speech.
August 7, 2019
There has much bemoaning and hand-wringing by members of Congress on the alleged dangers of social media.
August 6, 2019
The end of the first blog post in this series warned that the real result of a successful lawsuit to block the merger of Sprint and T-Mobile would not be a market with four large wireless competitors, but rather one without Sprint or T-Mobile at all. This is because mergers signal a dynamic marketplace that is highly competitive.
July 30, 2019
The Department of Justice’s long-awaited merger approval for T-Mobile and Sprint is good news for consumers on balance, but the conditions required for the agency’s blessing are worrisome for skeptics of large-scale government meddling.
June 27, 2019
Yesterday at the Aspen Ideas Festival, Facebook CEO Mark Zuckerberg touched on some of the most pressing issues facing his company and big tech as a whole. While his continued calls for government regulation of social media companies and other online services are dismaying, many of the principles Zuckerberg laid out represent exactly why such government intervention is not necessary and likely won’t produce better results.
June 25, 2019
An article in today’s Wall Street Journal recapped a recent war-of-words between a European Facebook executive, Nick Clegg, and Apple CEO Tim Cook. At issue is the differing revenue models of the companies. Apple sells devices and subscription-based services. Facebook of course does not charge for the services it provides users and instead relies on advertising revenue.
June 17, 2019
It is becoming increasingly apparent that financial technology, or “fintech,” like other forms of technology, can drastically improve consumers’ lives. Yet one of the most glaring failures of the Consumer Financial Protection Bureau has been its neglect of the role of financial innovation.