Breaking Big Tech Up Isn’t the Only Approach for Antitrust
https://www.wired.com/story/tech-antitrust-break-up-andrew-yang/
Last week, Andrew Yang, the dark-horse presidential candidate who has positioned himself as at once the most tech-savvy and the most technophobic candidate in the race, released a plan for regulating Big Tech. His ideas range from the mundane but wise (revive the Office of Technology Assessment) to the head-scratching (working directly with companies on new algorithms). But, given the ongoing antitrust investigations being conducted by Congress, federal agencies, and state attorneys general, it’s what Yang has to say about antitrust that most deserves our attention.
In a section titled “A modern approach to antitrust and regulation requires a 21st century framework,” Yang writes that “we must ensure that control over the most powerful technologies in history don’t accrue in the hands of a few. However, we must recognize that 20th century frameworks of breaking up companies just based on size or pricing impact on consumers won’t be effective. Network effects will always ensue, as a dominant player invariably emerges. And no one wants to use the fourth best search engine.”