Global Superpowers v. Tech Superpowers: A Comparative Analysis of Digital Competition Law in Notable Jurisdictions

Abstract

    Since the creation and expansion of the internet, much has been written about the rapid ascension to power of the so-called “Tech Giants,” most notably Alphabet (Google), Meta (Facebook), Amazon, Microsoft, and Apple. In fact, each of these companies is above the $1 trillion dollar mark in market capitalization as of 2024, with only one other publicly traded company achieving this level. Most scholars focus on these companies’ social and political power, especially their effects on the political zeitgeist, free speech, the psychology of the population, and the negative effects of their vast economic power. There have also been growing concerns among scholars regarding the anti-competitive implications of increased concentration of market power online. Sixty percent of Americans echo this sentiment, agreeing that the aforementioned Tech Giants have “too much power in the market.”