How big is too big? Since the late 1800s, organizers and legal experts have argued that the
Question:
How big is too big? Since the late 1800s, organizers and legal experts have argued that the government should have a role in curtailing the size and impact of corporations in the United States. Today, huge corporations like Amazon and Google seem to have infiltrated more and more parts of our lives. And yet, the government has not stepped in to modernize, apply, or enforce the anti-monopoly laws that are still on the books from the era of steel magnates and robber barons. Nevertheless, a variety of legal scholars and public interest advocates have argued that antitrust law should be reinvigorateda proposition that the likes of Amazon, Google, and Facebook are fiercely resisting.
This discussion consists of multiple podcasts, a short video, and news articles on this issue. After reading, listening to, and watching the assignments, please answer the following question.
- A company should not get a pass on anticompetitive/antitrust behavior just because it makes customers happy - do you agree or disagree with this statement? Why or why not?
- Do you think the government should have a strong role in guiding and regulating the economy to protect the public interest, or are there areas of the economy that should be left entirely up to the free market? What are some arguments for and against government intervention in the technology sector?
Links:
https://www.npr.org/sections/money/2019/03/20/704426033/antitrust-in-america
https://youtu.be/X_DpfI3ev4o
https://www.wsj.com/podcasts/the-journal/congress-case-to-break-up-amazon/e4816494-3bc5-4cac-aec8-fe87fc42fb5e
https://www.nytimes.com/2020/07/30/podcasts/the-daily/congress-facebook-amazon-google-apple.html
https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:6de7c939-3b14-4f2b-8b48-01a8cd42fcbf
https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:400a68c0-8946-4a3f-9f92-61a76389e0ce
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield