America’s large successful tech companies including Google, Facebook, Twitter, Amazon, and Apple are facing heightened scrutiny from federal and state officials. Increasingly, populists from both the left and the right are calling for the break-up and structural reorganization of America’s tech companies based on misguided notion that big is bad.
In addition to a recent spate of highly partisan congressional hearings into “Big Tech” for alleged anticompetitive behavior and partisan bias in content moderation, the Department of Justice and eleven Republican attorney generals joined a lawsuit against Google claiming the search engine provider is an anti-competitive monopoly. However, the sixty-four page legal complaint fails to make the case that consumers are harmed by Google’s market dominance.
Read more at Real Clear Markets.
By: Doug McCullough, Director of Lone Star Policy Institute