Innovation Kills Monopolies Faster Than Governments Can

Do government antitrust measures help break up monopolies and increase innovation? Not according to new research from the Technology Policy Institute, which looked at the high-profile antitrust investigations of IBM (IBM), AT&T (T), and Microsoft (MSFT).The research found that in each case the innovation that changed the industry did not come as a result of government intervention, but from sources that regulators could not possibly have predicted.This is likely to be music to the ears of Google (GOOG), which has come under increasing pressure from both regulators and critics as it expands beyond search into other areas—including a controversial acquisition offer for travel industry player ITA that is currently under review.

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