![]() Largely as a result of Google’s “exclusionary agreements and anticompetitive conduct,” it adds, “Google in recent years has accounted for nearly 90 percent of all general-search-engine queries in the United States, and almost 95 percent of queries on mobile devices.”. “Google effectively owns or controls search distribution channels accounting for roughly 80 percent of the general search queries in the United States,” the opening paragraphs of the lawsuit notes. District Court in Washington, D.C., and supported by 11 Republican state attorneys general from predominantly rural states, the Justice Department’s legal complaint cites Google’s multibillion dollar deals with Apple, LG, Motorola and Samsung, among others, to set Google as the default search engine for their laptops, tablets and mobile phones. Can capitalism and democracy survive the lie that a product is free when consumers are compelled to surrender their privacy rights, and sometimes even more than that, to the private sector?Īt issue in the federal lawsuit is whether Google’s dominance in the search engine industry stems from restrictive contracts and outsized market share that give it an unfair leg up over its competitors. For such reasons, central banks may opt for a more gradual disinflation policy (relying on purely domestic channels of disinflation) because the inflation reduction thus achieved will be more sustainable. This might result in a rebound of inflation. Yet, as extraordinary as the antitrust case against the search engine giant is, it may do little to answer one of the most urgent questions roiling the global economy today. possibly, an eventual collapse in the exchange rate. Similarly, a global chemical manufacturer accustomed to buying a key ingredient from two suppliers, one in the United States and one in Europe (and each with a monopoly in its region), announced. It will undoubtedly go down in history as the opening salvo in a grinding, yearslong war of attrition between government regulators and Silicon Valley. Department of Justice’s antitrust lawsuit filed against Google this week will ultimately play out. ![]()
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