Headlines 

Monopolies cost Americans $300 a month. We’re no longer the land of free markets | Thomas Philippon

In a reversal from a few decades ago, American consumers are facing oligopolies while Europeans benefit from competition When I landed in Boston in 1999, the United States was the land of free markets. Many goods and services were cheaper here than in Europe. Twenty years later, American free markets are becoming a myth. Internet service, cellphone plans, and plane tickets are now cheaper in Europe and Asia than in the US. In 2018, the twice as much on cellphone services as households in France or the UK. This is…

Read More
Headlines 

Challenges to Silicon Valley wont just come from Brussels

Fine of 2.4bn levied on Google is a sign of the continued erosion of US tech firms domination of the internet The whopping for abusing its dominance as a search engine has taken Silicon Valley aback. It has also reignited American paranoia about the motives of European regulators, whom many Valley types seem to regard as stooges of Mathias Dpfner, the chief executive of German media group Axel Springer, president of the Federation of German Newspaper Publishers and a fierce critic of Google. US paranoia is expressed in various registers.…

Read More