Earlier this month, John Pecman published a highly topical
article in Competition Policy International on the dominance and
durable market power that Big Tech companies are said to have in
today's economy and on the responses from international
competition agencies titled "Dethroning the Digital Platform
Champions".
"One has to applaud the success of the so-called "Tech
Superstars", often referred to as "GAFA" (Google,
Amazon, Facebook, Apple). The great innovations they have developed
for consumers and businesses alike contribute significantly to
Canada's gross national well-being. Their collective success
should be admired both by those of you who believe in the power of
capitalism to grow the economy and by those of you that believe the
most innovative and efficient companies, those that invest and take
risks, should reap the rewards, along with their shareholders, for
having tipped the "winner takes all" race....
