Antitrust Law
Overlapping ownership of large publicly traded companies in the United States has grown dramatically in recent decades. The list of largest shareholders of almost any publicly traded company has a similar set of shareholders, namely the largest asset managers.
Internet giants like Google, Facebook, Microsoft, and Amazon have attracted controversy for their growing influence on our social, political, and commercial activities. Some commentators worry that these companies’ ability to gather data and control who accesses it threatens the competitive health of the digital economy. This trend could harm consumers by stifling innovation in online products and by producing a digital economy with fewer choices and fewer competitors determined to win consumers’ business.
This Essay considers the influence of Richard Posner’s judicial opinions about antitrust law.