The largest corporations already account for a larger share of the economy than at almost any time during the last 100 years, and the emerging data economy threatens to further consolidate economic resources.

"ML [machine learning] tools allow corporations to leverage their power in unprecedented ways. For the first time, corporations are able to engage in first degree price discrimination, capturing most of consumers’ surplus. Corporations are now in a position to systematically exploit consumers’ behavioral anomalies, strategically setting up “rationality traps.” And corporations are able to manipulate consumers’ preferences by moving them into “filter bubbles”. Together, these techniques massively leverage large corporations’ power vis-à-vis their customers (and suppliers)."

empirical