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Showing posts from April, 2022

Antitrust is stifling innovation, we can fix it

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Good vs Bad Antitrust Antitrust by  Nick Youngson  CC  BY-SA 3.0 Antitrust’s aim is to encourage competition in order to improve consumer products & services. The “self-preferencing rule”, included in the EU’s  Digital Markets Act ’s and the American Innovation and Online Choice Act, will become law in 2023. The rule creates competition at an individual service level, but impedes it at a vertically integrated level, where user convenience & time are the more important consideration. To walk through how this happens, consider which option you prefer for a phone plan? Options compared side by side apples to apples — pros & cons, prices & reviews, one-click purchase, contract terms & clauses all upfront, and a standard option to back out, in case you change your mind. Scattered provider sites, which means a hunt for 3rd party reviews, the need to drill deep into middlemen & provider sites, read all the small print, watch out for hidden clauses, make sure you’re not