Antitrust Laws, How Far Is Innovation?
Antitrust Laws, How Far Is Innovation?
  • Chae Sun-woo
  • 승인 2024.05.28 19:45
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  On March 21, 2024, the U.S. Department of Justice and the attorneys general of 16 states filed a lawsuit against Apple, one of the big tech companies, for violating antitrust laws. Merrick Garland, the U.S. attorney general, commented, ‘Companies that violate antitrust laws should not be permitted to make consumers pay higher prices.’ He pointed to antitrust laws that prevent companies from monopolizing the market and categories of unfair practices that deliberately hinder other companies from entering the market. He also stressed that Apple’s closed operations violate consumer rights.
  In other words, while innovative companies can improve consumer lifestyles, they also socially impose limitations through platform control that can act as barriers to creativity and choice.
  In response, The Yeungnam Observer interviewed Choi Jeong-ho, a Department of Medical Biotechnology student, and Song Geon-yong, a School of Economics and Finance student. Choi commented on the lawsuit, emphasizing that innovation at large companies is hindered by excessive regulation despite concerns about technological advancement. Song also mentioned his continued use of Apple products, expressing that, from a user’s perspective, consumer convenience should take precedence over innovation.
  The issue of the current anti-monopoly law is not only Apple, but also big tech companies such as Google, Amazon, and Meta, which are emerging one after another due to recent regulations in the U.S. and the European Union (EU). As the number of cases under these regulations increases, it suggests that companies called innovation have reached a point where they have to reconsider the freedom and options of technology in their daily lives.
  Most importantly, we must find a way to protect our rights in the changing technological environment. This consideration of rights should apply everywhere, whether in consumption, creation, or culture. It is what we need to do in the future to make our lives more valuable. That is the right future and innovation. We are going to enjoy more rights.
If you look around, you will often discover your rights in greater detail, which you have not seen. Move it quickly. Businesses and technologies move when you move. 

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