District of Columbia
The intersection between privacy, big data, and competition
U.S. Public Interest Research Group and U.S. PIRG Education Fund write to commend the commission on its pending hearings on Competition Consumer Protection. The inquiry comes at a critical time, as consolidation in the digital economy threatens consumers, potential competitors and innovation in the marketplace. In particular, the rapidly growing market power and concomitant political influence of the digital platform firms Amazon, Google, Facebook, Apple, and Microsoft -- deserves intense scrutiny, which your hearings must provide. The FTCs competition hearings could not be more timely as the power of fewer and larger digital platforms over buyers, sellers, consumers and citizens only continues to grow. There is a need to explore new solutions that take a broader view of measuring market power and enforcing antitrust and competition laws than the failed Consumer Welfare theories of the Chicago school. See attached comment for further details.