Tech’s Lobbying Push Follows Market Consolidation, Study Shows
- Pattern is similar to pharma and oil and gas industries
- Study says antitrust laws should consider impact on democracy
Photographer: Krisztian Bocsi/Bloomberg
This article is for subscribers only.
The flood of lobbying dollars spent by tech companies has increased with market concentration, according to a new study that cites similar patterns in the pharmaceutical and oil industries.
The report suggests that entrenched firms face less competition and don’t have to invest as much in innovation, giving them more resources to spend influencing the democratic process.