The case against Google hinges on an antitrust “mistake”
Trustbusters are seeking to break up the tech giant, undoing a 15-year-old merger
IN 1912 America’s Supreme Court ruled that a coalition of 14 railroad proprietors had used their joint ownership of a bridge across the Mississippi river, near the St Louis terminal, to unlawfully stifle competition. The crossing gave the railroad trust a chokehold over traffic to and from the city’s main terminal. St Louis was an important railway hub. In the court’s opinion, the monopoly power over the railway bridge was therefore a means to foreclose the business of rival rail operators across America.
This article appeared in the Finance & economics section of the print edition under the headline “In search of a problem”
Finance & economics March 4th 2023
- America’s property market suggests recession is on the way
- Russia’s sanctions-dodging is getting ever more sophisticated
- The anti-ESG industry is taking investors for a ride
- China’s cities are on the verge of a debt crisis
- Is India’s boom helping the poor?
- David Solomon lacks answers for Goldman Sachs’s angry investors
- Ajay Banga may be just what the fractious World Bank requires
- The case against Google hinges on an antitrust “mistake”
From the March 4th 2023 edition
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