Fiona Scott Morton, the candidate once poised to become the chief economist for the Biden administration and a well-respected professor at Yale School of Management, has made serious allegations against Apple, accusing the tech behemoth of noncompliance with the EU’s newly enacted Digital Markets Act, a legislation specifically designed to regulate anti-competitive practices within large, online platform businesses.
Morton expressed her concerns that if Apple and other giant tech corporations refuse to abide by and face no consequences for flouting the directives of the Digital Markets Act, the new legislation will not achieve its intended purpose of curbing Big Tech’s anti-competitive behavior.
What essentially worries Morton is whether the regulators have sufficient capability and resolve to ensure that the act meets its objectives. She strongly believes that noncompliance with this pivotal law by leading tech companies such as Apple would dramatically undermine the Act’s efficacy, rendering it practically useless in its undertaking to rein in the overly dominant position of Big Tech firms in digital markets.
Should Morton’s concerns hold water, it would corroborate the prevalent apprehension among many stakeholders about the potential difficulties associated with enforcing policies that curtail Big Tech’s dominance and prevent anti-competitive practices.
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