How to understand the actual impact of platform economy on antitrust? -Part 3

Si Gyeongmin

Nov 12, 2021

Finally, it is also determined by the nature of the policy, and even this policy has the nature of an "economic constitution", which often leads to two consequences. The first is a high-level concern, and this concern is often caused by the concentrated reflection of the public in a short period of time. Due to the limited resources of the law enforcement agency itself, it may not be able to perform high-intensity operations for decades. The second is abnormality. Monopoly is a morbid reflection of the imbalance of the market order. However, the identification of this morbidity still requires a series of value judgments. Illness can't last for a long time, even less so if it is subjective.

In addition to the normative text, a thorough understanding of the law also requires observing the implementation of the system. In the field of antitrust, the main types of enforcement include fines/special taxes, splits and public ownership. Although they are not small in power, they also have their own shortcomings. For fines/special taxes, due to its monopoly, the costs paid by companies, especially platform companies, can easily be passed on, and for the government, it is also a damaging blow to the credibility that only obtains revenue and does not really solve the problem.

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