Hearing #2 On Competition and Consumer Protection in the 21st Century
I do think that there needs to be more regulating done in regards to monopolies and overall welfare. Particularly on Amazon, who is receiving subsidies to undercut local businesses. In this case overall/total welfare needs to be considered, not just consumer welfare. Additionally, the several recent mergers between telecom and media companies (T-Mobile/Sprint, CBS/Viacom, Comcast/Time Warner) seems to be consolidating power and leaving consumers with even fewer options. I believe that mergers of this nature must clear a higher bar.