Online intermediaries have emerged as the railroad monopolies of the 21st century, controlling access to market and increasingly determining who wins and who loses in today’s economy. Their dominance drives inequality and afflicts citizens and business-owners in all corners of American society.
Happy holidays from the Open Markets Institute. In this issue of The Corner, we cover developments ranging from the repeal of net neutrality and its effect on telecommunications and media corporations, to the details behind the Disney-21st Century Fox merger, to the real reason behind the loss of independent stores in New York City.
OMI believes the DOJ’s action should serve as a first step towards restoring the open, democratic, highly distributed media structure that existed in the United States through most of the 20th Century.
We are writing to request that the Federal Trade Commission conduct a thorough review of Facebook’s dominance in social networking and online advertising; assess the hazards that this dominance poses to commerce and competition, basic democratic institutions, and national security; and issue recommendations on how to address these threats. Until this review is complete, we ask that your agency adopt a presumptive ban on all acquisitions by Facebook.