Translation of "Monopolmacht" in English

At the moment, Italy is faced with the monopoly enjoyed by Prime Minister Silvio Berlusconi over the mass media.

For starters, the very structure of the IT sector allows for the formation of monopoly power.

With the pace of IT innovation increasing, monopoly power is also rising.

They have achieved monopoly power while also competing against one another.

The EU uses a different definition of monopoly power from the US.

Results from such research would not be subject to private-sector monopoly power.

According to Rapp and Rozek the idea of monopoly power fails in practice.

Is there a need to pursue monopoly power?

Another strategy is to limit potential monopoly power.

This is the extra wealth gained by rising monopoly power, and it is continuing to grow.

This monopoly power allows the GDS provider to charge higher prices to TSPs.

Giving Rambus monopoly power over standards developed by JEDEC is also detrimental to public interest.

How far do you intervene politically in issues of media concentration in areas that, as the Commissioner pointed out very clearly, cut across a whole range of other weapons the Commission has at its disposal to regulate monopoly power, a word that has been freely bandied around this Chamber this evening?

If there is monopoly power commercially, then the instruments are there to tackle it and they should be used.

But, by enabling the rise of monopoly power, and by facilitating barriers to entry, the growth of IT has also had major negative economic, social, and political side effects, including the proliferation of “fake news.”

Much of the income from GDP growth went to large state-owned enterprises, which strengthened their monopoly power.

The digital revolution, despite its potential, also carries serious risks for privacy, security, jobs, and democracy – challenges that are compounded by the rising monopoly power of a few American and Chinese data giants, including Facebook and Google.

This means that during the three decades before 2015, monopoly power caused the combined shares of wages and normal interest on capital to decline by 23%.

Rising productivity and capital accumulation increases wages and capital income, but monopoly power reduces these income shares.

Why, then, has rising monopoly power in the IT sector caused income and wealth to concentrate in fewer hands, leading to an increase in personal income and wealth inequality?

First, because most technology-based monopoly power does not violate existing antitrust laws, regulating IT will require new measures to weaken monopolies.

Second, standard views of business income and wealth taxation will need to be adapted to account for IT firms’ monopoly power.

Whereas US law enforcement focuses primarily on monopolies created by acquisition, EU law prohibits the abuse of monopoly power regardless of how it is achieved.

And research often is directed not at producing new products but at extending, broadening, and leveraging the monopoly power granted through the patent.