Are Monopolies All Bad?

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Once upon a time, perhaps they were very good. They were innovative. But you know, what happens is companies sell out and size and profits become dominant. And these companies are too big and too powerful, and they don't care. With success becomes arrogant and humorous. Let's hope some nemesis that follows. Right? Great. At the backnmr three, hallo. Luke johnson, i gon to ask you, do you reckon? You seld more books on line than you do in bookshops, probably now. Are they all bad? The truth is, once upon a time,. perhaps they werevery good. We should be talking about individual companies who need

With so much data and power centralised in the hands of a few West Coast companies, the tech giants have become a serious threat to our basic freedoms and must be broken up. That’s the argument that was made at this major Intelligence Squared debate by the FT’s global business columnist Rana Foroohar and by businessman and former chairman of Channel 4 Luke Johnson. But others would argue that it’s all too easy to make the tech giants a scapegoat for the inevitable upheavals caused by the digital revolution. The real winners of this revolution are not the tech companies but us, the users. Who could now imagine living without the services of Amazon, Apple, Google, Facebook and Microsoft? That’s the case that was made in our debate by former head of Facebook’s European politics and government division Elizabeth Linder and competition law expert Pinar Akman. Who's right and who's wrong?

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