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Opinion: How Software Stifles Competition And Innovation, James Bessen
Opinion: How Software Stifles Competition And Innovation, James Bessen
Faculty Scholarship
Innovation is not what it used to be, and software is part of the reason. In many industries—industries well beyond Big Tech—dominant firms have built large software-based platforms delivering important consumer benefits, but these platforms also slow the rise of innovative rivals, including productive startups.5 Because access to these platforms is limited, competition has been constrained, creating a troubling market dynamic that slows economic growth.