Taming the tech monopolies

With traditional competition rules proving inadequate to rein in today's disrupters, regulators need to reskill as well as be humble and rigorous in analysing the new realities of the digital business environment

The leading tech giants - such as Apple, Amazon, Facebook and Google - explicitly set out to disrupt much of the world's industrial and social status quo.

They have now succeeded (I suspect) beyond their own wildest dreams, and probably beyond what some of their founders would have wished, considering the baneful effects that social media have had on democratic elections.

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A version of this article appeared in the print edition of The Straits Times on December 28, 2018, with the headline 'Taming the tech monopolies'. Print Edition | Subscribe