In: Operations Management
Should the department of justice bring an anti-trust action against the tech giants, google, apple, facebook and amazon under article 2 of the Sherman anti-trust act of 1890?
To know the answer of the given question we need to first know what section 2 of Sherman anti-trust act, 1980 is. The provision forbids the monopolization or attempt at monopolization. It effectively forbids businesses from using unethical conduct or oppressive actions to become a monopolist or using such conduct because they are still a monopoly. Notice it does not preclude businesses from becoming a monopoly. It merely prevents the use of monopoly power. Section 2 serves this aim by banning activity that leads to the gain or retention of monopoly power, thereby maintaining a competitive climate that offers opportunities for businesses to promote economic growth.
Google, Amazon, Facebook, and Apple, also branded as "Big Tech," have revolutionized the digital industry and have influenced billions of people worldwide in their daily lives. Although these corporations are responsible for major technical breakthroughs and substantial wealth generation, they have also faced criticism due to their privacy policies, distribution of misleading material and propaganda, perceived political interference, and possible anticompetitive conduct as applicable here. And as we have seen the objective of Sherman anti-trust act is to forbid the act of anti-competition in the market. Thus, The Department of justice should bring an action against the big-tech. but in order to retain or strengthen that control, the complainant must prove that the defendant engaged in exclusive actions.