The Economics of the Data-Driven Economy and the Demand for Antitrust

Increasing returns to scale in the heyday of industrialization in the late 19^th century and early 20^th century concentrated wealth and power, triggering demand for antitrust activism. A similar dynamic is visible in today’s second Gilded Age, this time in the context of the data-driven economy based on the nexus of big data, machine learning and artificial intelligence. Ultimately, it was the scaling up of the global economy that resolved the issues created by scale economies in the first Gild