Wednesday, March 13, 2019

Elizabeth Warren Needs to Watch This Video Now

Sen. Elizabeth Warren is calling for the break up Amazon, Alphabet-Google, and Facebook.

She told The Washington Post, "The giants are destroying competition in one area after another.”

But is this really the case?

How does she explain the decline or complete collapse of former giants such as Sears, MySpace, Pan Am and Howard Johnson's?

Does she even understand how competition works (and destroys when necessary)?

The below video is a decent introduction.


1 comment:

  1. Let's not forget this blocked merger of the giants :

    NY Times , March 26, 2005

    "Blockbuster Inc., the video rental giant, dropped its bid yesterday to acquire the Hollywood Entertainment Corporation, the second-largest video rental chain, citing the likelihood that the Federal Trade Commission would reject the deal on antitrust grounds."