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21 October 2017

Why governments should protect us from barely-taxed tech monopolies

by Franklin Foer

In our day, we can’t quite see anything wrong with monopoly. We’re certain that our tech giants achieved their dominance fairly and squarely through the free market, by dint of technical genius.

To conjure this image of meritocratic triumph requires overlooking several pungent truths about the nature of these new monopolies. Their dominance is less than pure.

They owe their dominance to innovation, but also to tax avoidance.

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