(cont'd from yesterday's post)
What does a government anti-trust committee have to do with big tech? Big companies in the late 1800's became huge by buying out their competition. But competition between businesses gave customers a choice in prices and in quality. When the resulting "trusts" held so much power that competition was unfairly eliminated, the government went after them.
Competition makes businesses serve their market better, because competing businesses offer different product prices and qualities so that customers have more choices. Competition is good for ideas as well as for products. If Google, for example, pretends to do an impartial internet search for you - but gives you only pages they approve/prefer, is that fair or accurate?
That's why the anti-trust committee investigates big tech. Like very big companies in the past, they may think they can get by with excessive power over all of us who go to them whether it's for products or ideas.
(cont'd tomorrow)
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