“A Big Choice for Big Tech” – New Article in “Foreign Affairs”

Taking one of the core arguments made in their recent book “Reinventing Capitalism in the Age of Big Data”, Professor Mayer-Schönberger and co-author Thomas Ramge describe in this piece just published in “Foreign Affairs” how markets rich with data greatly improve efficiency and enhance consumer welfare, but if run by just a handful of Big Tech companies will undermine our market economy and lead to a surprising planned economy that is supremely vulnerable.