While the world has failed to make significant progress in combating climate change over the past decade, the prospect for real action looks very promising today. Proponents of a Green New Deal aim not to nudge the current energy economy toward carbon neutrality but to restructure the production, distribution, and use of energy. Even as it represents a break from the impoverished political imagination of the (still ongoing) neoliberal era, the Green New Deal draws on a rich legal and historical template for transforming our energy economy and deepen democracy.
Read MoreThe Hill's Harper Neidig speaks with Open Markets Deputy Director Sarah Miller about how a groundbreaking op-ed by Facebook co-founder Chris Hughes on The New York Times is making it "harder and harder to defend Facebook maintaining its monopoly power." In the op-ed, Hughes said that he was worried about the amount of power Facebook had amassed over the world’s communications and how Mark Zuckerberg, his former roommate and co-founder, had complete control over the company.
Read MoreFacebook has become "one of the world's most dangerous monopolies" and needs to be dismantled, Open Markets Deputy Director Sarah Miller tells CBC's The Current podcast. In light of a groundbreaking op-ed by Facebook co-founder Chris Hughes on The New York Times, CBC interviews Miller about Facebook's monopoly power and why US regulators should move to hold Mark Zuckerberg accountable and break-up the corporation.
Read MoreUber hit the stock market May 10. NPR reported its value may reach 90 billion dollars, But its ultimate market value could face headwinds with the populist movement rising in America. NPR speaks to Open Markets fellow Matt Stoller about Uber's bigness and whether it could be subject to antitrust in the future.
Read MoreOpen Markets applauds Facebook co-founder Chris Hughes for publishing a courageous and groundbreaking essay in the New York Times advocating that the corporations he helped create should be broken up.
Read MoreIn 2011, the Federal Trade Commission settled charges with Facebook that the social networking giant “deceived consumers by telling them they could keep their information on Facebook private, and then repeatedly allowing it to be shared and made public”. Today, the company is again in hot water for, among other things, misusing private user data, failing to stop the spread of fake news and enabling the distribution of toxic and violent multimedia.
Read MoreIf the FTC fails in its duty to enforce the consent decree and regulate companies like Facebook in meaningful ways, Congress should move to hold the FTC accountable for its failure to regulate and consider redirecting its funding to the State Attorneys General.
Read MoreEnforcers from around the world, from Germany to Washington, DC Attorney General Karl Racine and New York Attorney General Letitia James, are taking meaningful action against Facebook. It's time for Congress to investigate why the FTC has not.
Read MoreFacebook didn't get where it is today by protecting your privacy. The company made $56 billion in 2018, in part by tracking people both on and off its platform and then selling targeted advertisements based on that surveillance. Yet when Facebook announced a shift to a "privacy-focused communications platform" in March and unveiled a redesign toward private messaging at its F8 developers conference on Tuesday, Facebook's stock value did not even dip. How could that be, if surveillance is essential to Facebook's business model?
Read MoreOpen Markets fellow Matthew Stoller and Deputy Director Sarah Miller published an op-ed on BuzzFeed News explaining that while corporate megamergers often result in thousands of job cuts, corporate executives, on the other hand, are rewarded with sweet multi-million dollar golden parachutes to sell their companies in what amounts to a form of "normalized corruption," which they call on Congress to eliminate.
Read MoreAn influential federal appellate judge last week expressed great concern about the growing power of tech platforms, including Google and Facebook, and said that anti-monopoly enforcers and courts may have been “too hasty” in abandoning two key traditional tools of antitrust law – the essential facilities doctrine and predatory pricing law.
Read MoreWelcome to The Corner. In this issue, we share Open Markets’ proposal for simple, traditional “bright-line” rules to guide antitrust enforcement. And we highlight a speech by a prominent judge who spoke of America’s monopoly problem and proposed using long-neglected antitrust tools to address Google and Facebook.
Read MoreOpen Markets calls on America’s antitrust enforcers to block the McGraw-Hill/Cengage merger. American students already pay outrageous prices for textbooks. The mega-merger of McGraw-Hill and Cengage will not lower costs for students, but will almost definitely result in higher prices.
Read MoreOpen Markets has filed an amicus brief in support of the plaintiffs appeal in a case against syringe-manufacturing giant Becton, Dickinson & Co. (Becton). The plaintiffs, who are healthcare providers, allege Becton has raised the price and lowered the supply of conventional syringes, safety syringes, and safety IV catheters.
Read MoreThe “consumer welfare” approach to antimonopoly is the main contributor to the extreme and dangerous concentrations of power that Americans face today. In place of this vague, subjective, easily manipulated, and fundamentally corrupt framework, we propose a system of simple rules that is true to the original American approach to building and protecting an open and democratic society.
Read MoreOpen Markets Institute filed an amicus brief to the Seventh Circuit Court in support of the plaintiffs in Marion Diagnostic Center v. Becton, Dickinson & Co. The plaintiffs, who are health care providers, allege that Becton, Dickinson & Co. illegally dominated the markets for conventional syringes, safety syringes, and safety IV catheters.
Read MoreOpen Markets Institute on ProMarket proposes a system of simple rules that complies with the traditional American approach to protecting and restructuring an open and democratic society, With the five key planks discussed in this article, OMI offers an opportunity to reinstate antimonopoly through this bright-line initiative. With clear objective to reimpose America’s open democracy, the Open Markets team declares, “From the first, effective antimonopoly policy has relied on simple, bright-line rules. Today again, a comprehensive set of simple structural limitations— implemented through legislation, regulation, and policy guidance—is critical to protecting our democracy and our most fundamental liberties.”
Read More“The FTC’s likely fine appears to be grossly insufficient to punishing Facebook for its outrageous behavior," stated Open Markets Executive Director Barry Lynn. "By failing to stand up for its own authority, the FTC appears, in turn, to be demonstrating complete disregard for the fundamental interests of the American people."
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