October 16, 2018
The Competitive Enterprise Institute views most market failure rationales for government intervention as wrong, overstated, or unproven (or all of the above). The Competitive Enterprise Institute views most market failure rationales for government intervention as wrong, overstated, or unproven (or all of the above). That belief is very difficult to test, however, because government has seized control of the relevant resources and blocks the market discovery process.
October 15, 2018
On September 30, California Governor Jerry Brown signed into law SB-822, a set of regulations on Internet service providers that’s slated to go into effect at the beginning of 2019. Often referred to as a “net neutrality” bill, SB-822 aims to impose on Internet providers several sweeping mandates derived from a regulation issued by the Federal Communications Commission in 2015.
August 28, 2018
The Federal Trade Commission (born in 1914, fathered by Woodrow Wilson) is hosting a series of hearings and discussions on “Competition and Consumer Protection in the 21st Century,” particularly as these are affected by emerging business models in the modern high-tech economy. We at the Competitive Enterprise Institute provided a brief filing and there will be more opportunities for the public to weigh in.
August 7, 2018
Social media outlets have been filled with commentary this week about the decisions by Apple, Facebook, YouTube, and Spotify to remove content created by talk show host and conspiracy theorist Alex Jones. This is a useful opportunity to clarify what actually counts as “censorship” and what responsibilities that media platforms have to the public.
July 26, 2018
The Swedish think tank Timbro has published the first global index of the sharing economy. The Timbro Sharing Economy Index (TSEI) is the first study to compare the impact of the sharing economy between nations. It does so by providing a new definition of the sharing economy that incorporates the use of excess capacity, large decentralized digital networks as coordinators, and trust between strangers facilitated by infrastructure.
July 18, 2018
Dominance and popularity are not the same as a coercive monopoly. The European Commission is behaving in protectionist fashion, not in a manner benefitting consumers, and the fines are inappropriate, unwarranted, and plain wrong. Google is no monopoly, as the existence of Apple’s iPhone and other options attest. There is always some new disruptive technology on the horizon (remember the MySpace monopoly? The AOL one?).
July 17, 2018
T-Mobile and Sprint—the third and fourth largest mobile carriers in the United States, respectively—are in the process of merging into a single company under the T-Mobile brand. Together, T-Mobile–Sprint would have roughly 127 million subscribers, meaning the merged firm would for the first time rival the nations’ two largest wireless companies, Verizon Wireless and AT&T, which have long led the pack among U.S. carriers.
July 8, 2018
Every time a major corporate merger is announced, pundits predictably warn of impending doom if regulators allow it to happen. Yet, pundits and regulators don’t know any better than you or I how a merger will turn out. And unlike investors and entrepreneurs, they don’t have their own money at stake, so they don’t have any incentive to innovate or react to changing conditions.
June 21, 2018
Today’s Supreme Court decision in South Dakota v. Wayfair is extremely disappointing and will likely cost online sellers and consumers dearly. Stopping state regulatory and tax power at each state’s border should be the default rule for online commerce, but the court has chosen to set state tax authorities loose on small Internet retailers and their customers across the country.
June 20, 2018
Bad Internet sales tax legislation (mercifully) continues to stall in Congress. Pro-tax expansionists like Rep. Kristi Noem (R-SD) made a big political push to tie the ill-advised Remote Transactions Parity Act to the omnibus-spending bill in March, but to no avail.