"Never Seen Anything Like It:" The Biggest Month in Antitrust in 50 Years

When specialist units of armed police started to arrive at the homes of senior executives and take away suspects in handcuffs, it sent shockwaves through Brazil. Indeed, it is hard to exaggerate the impact of these dawn raids on the homes of the wealthy and powerful. Before Lava Jato, only the poor or the badly defended went to prison. The case app

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This is the Great Commoditization .

Things that were once scarce and precious are becoming abundant and cheap, quickly.

Things that were once hard-won outputs – of years of study and tireless dedication, of multi-billion dollar government programs – are becoming readily available inputs .

From the perspective of a human or a business who previously co

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Yes, Apple created the iPhone and the App Store and, under current U.S. antitrust doctrine, almost certainly has the right to impose whatever taxes it wishes on third parties, including 30% on purchases and the first year of subscriptions, and completely cutting off developers from their customers. Antitrust law, though, while governed by Supreme C

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More generally, we are living in a context where power laws and non-linear takeoffs already reign supreme. NFTs were close to nothing a few months ago, now Beeple is worth more than most fine artists in the world. Redditors were never able to manipulate stock prices even slightly, until they were suddenly able to overpower a whole hedge fund.