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Brad DeLong's Grasping Reality 2019-05-15 15:04:50

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A panel led by Jason Furman. Predictable rules, platform regulation—a "code of conduct for the most significant digital platforms", treating them as essential services—plus ensuring data mobility and open standards are essential for the creation of a digital economy in which competition and innovation can produce large benefits. Unfortunately, none of those are in the financial interest of current tech shareholders or their lobbyists: HM Treasury: Unlocking Digital Competition, Report of the Digital Competition Expert Panel: "An independent report on the state of competition in digital markets, with proposals to boost competition and innovation for the benefit of consumers and businesses.... Chaired by former Chief Economist to President Obama, Professor Jason Furman, the Panel makes

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A panel led by Jason Furman. Predictable rules, platform regulation—a "code of conduct for the most significant digital platforms", treating them as essential services—plus ensuring data mobility and open standards are essential for the creation of a digital economy in which competition and innovation can produce large benefits. Unfortunately, none of those are in the financial interest of current tech shareholders or their lobbyists: HM Treasury: Unlocking Digital Competition, Report of the Digital Competition Expert Panel: "An independent report on the state of competition in digital markets, with proposals to boost competition and innovation for the benefit of consumers and businesses.... Chaired by former Chief Economist to President Obama, Professor Jason Furman, the Panel makes recommendations for changes to the UK’s competition framework that are needed to face the economic challenges posed by digital markets...

Bradford DeLong
J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

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