search
Close Nav
Highlights

Big Tech, Antitrust, and Democracy

July 07, 2022

Concern has been growing across the political spectrum about the power and influence of Big Tech—on everything from its censoring speech to quashing competition. This week, the EU took sweeping action to curb this power. The U.S. Senate is considering a bill that similarly seeks to limit the tech platforms’ market share, while the FTC has been considering innovative approaches to applying existing antitrust laws. How should these efforts be understood? Is Big Tech really the problem that it’s portrayed to be? Is it one that government is best positioned to solve? Here is a selection of recent arguments by thought leaders sympathetic to the free market to shed lights on these questions. Many are skeptical of government efforts to rein in Big Tech.

  • The Cato Institute’s Alan Reynolds raises doubts that the large tech companies can be understood as monopolies.
  • Scott Lincicome, also of Cato, argues that reforming and eliminating regulations is the best way to promote long-term competition.
  • The Protectionist Roots of Antitrust,” by Don Boudreaux, and “Five Myths about Antitrust Law,” by John Mayo and Mark Whitener, dispel common myths that antitrust law aims to promote competition.
  • TechFreedom’s Corbin K. Barthold explores the FTC’s internal problems and why its newly aggressive approach is dangerous for economic liberty.
  • In contrast, others see an important though limited role for government to play here.
  • The University of Chicago’s Luigi Zingales is concerned about the lack of competition among digital platforms, while also recognizing the drawbacks of growing regulation. The Stigler Center, which he heads, this past year released policy recommendations that seek to rein in Big Tech’s excesses while “not reducing [its] enormous benefits.”
  • Vivek Ramaswamy believes that the current laws are sufficient to ensure free expression, but that they must be enforced in a novel way. He argues Section 230 protections oblige tech companies to respect the First Amendment. He further argues that Section 230 immunity should be an “opt-in” provision.
Saved!
Close

Thank you for your Submission

Smith Soc staff will be in touch shortly with a confirmation of your request.

Back to Home

Password Reset Request

Email Article Info

Cancel

TIME EXPIRED

Your time has expired and your RSVP is no longer being held. Please please try again to secure a ticket.

Back to event

FORM SUCCESSFULLY SUBMITTED.

Your form has been successfully submitted. We’re processing all of your new information now. Close this box at your leisure to continue enjoying the Smith Soc website.

Back to Home

Donation - Other Level

Please use the quantity box to donate any amount you wish.

Sign Up to Donate