Competition Law Evolves to Tackle Challenges of Digital Capitalism Era
Competition law is facing challenges in the digital era due to the complex nature of the economy. Traditional economic theories may not fully grasp the dynamics of competition in the digital world. The focus is shifting towards understanding multi-sided markets and the role of personal data in value generation. This requires rethinking the goals of competition law to include factors like income distribution and privacy, not just consumer welfare. The competitive game is no longer just about product rivalry but also involves considerations of complex equality.