Magazine January 25, 2021, Issue

How I Learned to Stop Worrying and Love Big Tech

(Justin Tallis/AFP via Getty Images)
Not all monopolies harm consumers

The phrase “robber baron” entered the American vernacular in 1859. Originally a reference to medieval German nobles who ran extortion rackets on the Rhine, the phrase was revived by New York Times reporter Henry J. Raymond to describe railroad magnate Cornelius Vanderbilt. Though “robber baron” now connotes the unscrupulous avoidance of competition in business, Raymond initially used it to describe excessive competition — “competition for competition’s sake; competition which crowds out legitimate enterprises.” Commodore Vanderbilt, the parvenu son of a ferry operator, had turned the genteel, “legitimate” shipping business into a street brawl. The sheer scale of his wealth —

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In This Issue

Articles

Features

Books, Arts & Manners

Sections

The Week

The Week

Republicans put up two weak candidates in a competitive state, and then discouraged their voters from showing up.
Athwart

The Great Reset

Lunatic paranoids think it means a lizard in the shape of Bill Gates is going to microchip everyone with a vaccine so we can be tracked.
The Long View

ASAP!!

Senator, please review this and note changes, thanks — fundraising letter needs to drop tomorrow PM!!!!

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