There is a rising chorus among Democrats that the US should use antitrust laws to break up Amazon, Facebook, and Google. Presidential hopeful Elizabeth Warren’s plan is to break up those companies and turn what’s left into federally regulated utility platforms. Rep. Alexandria Ocasio-Cortez (D-NY) is backing the plan. Another presidential hopeful, John Hickenlooper, has implied his support claiming that “today American capitalism is broken” and that part of the solution is to use antitrust to attack elements of the information industries where, in his mind, there are only a few large players. Presidential candidate Pete Buttigieg has also implied support, saying: “Antitrust law as we know it has begun to hit its limits with regulating tech companies” because some tech companies don’t charge users.
Read the full post “Democrats won’t break up Big Tech, but they might destroy it” at AEI.