The Daily Caller: Biden Has Cracked Down On Big Business Mergers And Monopolies. Are Americans Better Off Because Of It?
February 5, 2024
The Biden administration has pursued a more aggressive antitrust approach than previous administrations, filing numerous lawsuits seeking to break up large companies and block mergers with mixed success.
The administration’s antitrust action through either the Federal Trade Commission (FTC) or the Department of Justice (DOJ) has been aggressive since the president took office in January 2021, targeting tech companies like Google and Microsoft, but also airlines, e-commerce and more. Some conservatives say the crackdown will increase competition and consumer outcomes, while others say that the action will stymie legitimate business operations, reducing operating viability and harming consumer experiences.
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“Free markets require functioning markets,” Mike Davis, founder and president of the advocacy organization Internet Accountability Project, told the DCNF. “This means enforcement of our century-old antitrust laws to target anti-competitive actors. Trillion-dollar Big Tech monopolists have too much power over information and commerce. We need more than extremely expensive, David-versus-Goliath antitrust lawsuits to hold accountable the trillion-dollar Big Tech monopolists like Google, Apple, Amazon, and Facebook.”
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“Just about the only thing the Biden administration is doing right is bipartisan antitrust law enforcement,” Davis told the DCNF. “At the same time, we can’t let the federal government take control of American industry. Currently, Section 230 and antitrust amnesty protect these Big Tech behemoths. Consumers, conservatives, and small businesses suffer as a result, while Big Tech billionaires profit. We need more bipartisan antitrust actions to keep Big Tech from taking over every facet of American life.”
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Read the full article HERE.
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Unlike the Big Tech monopolies, the Internet Accountability Project pledges to never sell or share your personal information, which is your property.