Don’t punish tech companies for being great

“During the COVID-19 pandemic, digital tools have become indispensable to millions of home-bound Americans. Information technology businesses have quickly created or refined systems for distance learning, teleworking, telemedicine, news dissemination, and e-commerce. Yet, despite these successes, there are new demands to regulate companies such as Amazon, Zoom, and Facebook,” write PURC Director and Gunter Professor [...]

Let’s not punish tech companies that do well for customers

In Sen. Amy Klobuchar’s (D-MN) proposed “Anticompetitive Exclusionary Conduct Prevention Act of 2020,” the score is: consumers 2, and antitrust litigators 20. The litigators win. According to the bill’s general statement, it seeks to “deter anticompetitive exclusionary conduct that harms competition and consumers.” Is the bill about bad companies harming consumers? Read Dr. Mark Jamison's [...]

COVID-19 provides evidence that tech companies lack market power

Could one of the casualties of COVID-19 be the myth that market share means market power? Probably not. But the economic lessons from the pandemic should at least cause myth adherents to question their faith. Read the full blog post online at AEI.

Antitrust shouldn’t be personal or political

Last week, Facebook co-founder Chris Hughes’ called for governments to use antitrust laws to break up his former company. Why? Because he doesn’t like Mark Zuckerberg as CEO, and Democrats lost the presidency in 2016. This is antitrust getting personal and political, and it’s not good. Read the full post "Antitrust shouldn't be personal or [...]

Democrats won’t break up Big Tech, but they might destroy it

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 [...]