The suit filed against Facebook by the Federal Trade Commission and 45 states’ demanding its breakup seems to ignore the competitiveness of the U.S. digital market while raising ghosts of past failed suits.
The strength of the U.S. economy is not its size or its colossal firms but its competitiveness, dynamism and relentless innovation . These attributes have enabled numerous startups in the U.S. to introduce radically better products and services at ever lower prices. It’s not merely long-standing businesses with deep pockets that introduce innovations. The powerful truth is that new entrants, often started by immigrants to the country, […]
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