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Monopolies

All articles tagged with #monopolies

health1 year ago

Lawmakers Push to Dismantle Big Healthcare Conglomerates

The article discusses the complexities and issues within the U.S. healthcare system, focusing on the role of large conglomerates like UnitedHealth Group. It critiques the consolidation of healthcare services, which has led to increased administrative costs and conflicts of interest, rather than addressing the root causes of high healthcare costs. The piece argues for breaking up these conglomerates to reduce monopolistic power and improve transparency and efficiency in healthcare delivery. Proposed legislation by Elizabeth Warren and Josh Hawley aims to separate pharmacy subsidiaries from these large companies to mitigate conflicts of interest.

via The Big Newsletter|
#health#healthcare#insurance
business2 years ago

"The Second Gilded Age: Robert Reich's Take on Hollywood Strikes and Tech 'Leviathans'"

The ongoing strikes by SAG-AFTRA and the Writers Guild of America in Hollywood reflect broader economic issues in the U.S., according to Robert Reich, former U.S. Secretary of Labor. Reich highlights the rise of monopolies and the decline of unions as factors contributing to economic disparity. He points out that giant technology firms like Apple, Amazon, Alphabet, Microsoft, and Meta hold significant power in the entertainment industry, and their dominance needs to be addressed. Reich emphasizes the need for changes in laws and regulations to prevent further monopolization, increase union power, and create a more balanced system that benefits content providers. He warns that the current economic landscape resembles the Second Gilded Age and calls for action to avoid the negative consequences of concentrated wealth.

via Hollywood Reporter|
#business#economic-disparity#hollywood
technology2 years ago

"Decoding the Future of AI Regulation"

AI developer Gary Marcus suggests that AI regulation should include licensing auditors, algorithmic auditing, and accountability provisions to ensure procedural fairness and privacy safeguards. Strengthening existing statutes on consumer safety, privacy, and protection while introducing norms of algorithmic accountability would help demystify complex AI systems. The danger is narrow audits that promote the appearance of compliance. The most feasible regulatory options for Congress to address potential algorithmic harms from AI may be to strengthen disclosure requirements for AI firms and users of AI alike, to urge comprehensive adoption of AI risk assessment frameworks, and to require processes that safeguard individual data rights and privacy.

via Gizmodo|
#accountability#ai-regulation#algorithmic-auditing
technology2 years ago

Regulators Target Big Tech Deals to Stay Ahead of China.

Antitrust enforcement can help the US stay ahead of China in the race to build cutting-edge technologies, according to Federal Trade Commission Chair Lina Khan. She argued that more aggressive enforcement at home will benefit the US on the international stage, citing historic tech antitrust cases such as IBM and AT&T. Khan said that enforcing competition laws and antitrust has led the US to be the home of cutting-edge technologies, and warned against arguments that monopoly is what will best position the US to thrive internationally.

via CNBC|
#antitrust-enforcement#ftc#innovation