Authors like Simoulidis and Birch as well as Davis have argued that recent corporate transformations have introduced new dynamics of corporate power which include phenomena like the rise of so-called "Big Tech" firms, increasing inequality and new ways of externalizing costs. How do these developments require us to develop new ways of thinking about market power and industry concentration and whether policies that try to fix markets (like restoring competition) or some alternative approach to regulation is the best response?

 

 

competition) or some alternative approach to regulation is the best response.
3. Some people like Milton Friedman (1970) have argued that the social responsibility.

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The dynamics of corporate power such as the rise of Big Tech firms increasing inequality and new methods of externalizing costs as discussed by authors like Simoulidis Birch and Davis necessitate a re... View the full answer