Evaluating the competitive effects of corporate acquisitions and mergers #FTC-2018-0053-D-0012

Submission Number:
FTC-2018-0053-D-0012
Commenter:
Adrian Gropper
Organization:
Patient Privacy Rights
State:
Massachusetts
Initiative Name:
Evaluating the competitive effects of corporate acquisitions and mergers
6 - Evaluating the competitive effects of corporate acquisitions and mergers; As technology enables a shift away from employee to gig-worker, FTC practices must adapt to consider the licensing of individuals as an alternative to corporate regulation. The introduction of rent-seeking intermediaries into otherwise distributed and decentralized peer-to-peer comerce must be carefully balanced. New technology such as public blockchains (Bitcoin, Ethereum) should be encouraged because they empower individuals as they bypass corporate middlemen. Decentralized control of technology will become increasingly important as artificial intelligence becomes more powerful. AI will be either under the control of corporations or of individuals. It will be either be licensed along with individual professionals or it will be regulated centrally global corporations. Society must be very wary of shifting control away from licensed individuals responsive to local norms and into national or global-scale corporate policy.