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“Sen. Elizabeth Warren, D-Mass., has set out an extreme agenda to break up big tech. She is calling for legislation that would require large tech platforms to be designated as “platform utilities” and broken apart from any participation on that platform. She also vows that her administration would appoint regulators committed to reversing illegal and anti-competitive tech mergers.
Warren’s policies are misguided and premature. Undeniably, the big tech platforms have resulted in innovations enabling the launch of new products and services resulting in many benefits to consumers. That is due to the nature of a free market economy which provides incentives of firms to innovate and grow. When the rewards of that innovation are removed, and firms are restricted in growth, the economy can suffer through less innovation and aggressive competition.
Warren suggests a radical restructuring of these key markets. We know from decades of deregulation of other industries that when the government tries to impose a structure on the market, consumers tend to lose from less competition and innovation. Moreover, such a restructured market may lead to even greater regulation.”
JJ Editor's Daily Picks
"Thousands of gay rights supporters gathered in heavy rain outside parliament in the capital, Taipei, to watch a live broadcast of the proceedings. Supporters shouted “First in Asia!” after the article was passed."
"It’s increasingly clear that Roe v. Wade, the U.S. Supreme Court decision protecting a woman’s right to choose abortion, is in jeopardy. But what is Roe all about? Privacy? Liberty? Women’s equality?"
"Prime Minister Benjamin Netanyahu is being cautious about engaging Israel in the US-Iran tensions, though he would surely not object to an American attack on Iran."
"Hello. I’m a person who has never watched Game of Thrones. You’re a person who has watched every episode. Here is what I have learned about you through the cultural osmosis..."
"The vacation rental industry is mired in claims that it harms neighborhoods and housing markets. Can a nonprofit co-op make the tourist trend a community asset?"
"One of the many important facets of special counsel Robert Mueller’s inquiry is his observation that President Donald Trump’s use of Twitter and other mass media could subvert the criminal-justice system."
"Even in a profession where major commissions rarely materialize before a man (and, beginning only recently, a woman) is well past fifty, it is hard for anyone alive today to remember a time when I.M. Pei was not a dominant, commanding figure."
"If you’re old enough to remember the Soviet Union, you’ve probably wondered why so many young people today seem attracted to socialism. One influence is Howard Zinn, who published “A People’s History of the United States” in 1980..."
"Moms and dads may be new to microdosing, but the trend has been bubbling for years in Silicon Valley. The tech set claim that taking 10 to 20 micrograms of LSD every few days makes them more creative..."
"In 1983, the Italian-Israeli professor Sandra Debenedetti Stow stunned the scholarly world with an explosive article that proposed that Jews introduced pizza to the European diet."
"During a military mission, whether in peace or in war, if a pilot or soldier can’t identify an object, they have a serious problem: How should they react, without knowing if it is neutral, friendly or threatening? "
"Wouk, an Orthodox Jew, embodied the new postwar possibilities for American Jews and his writing helped normalize Judaism within the larger American landscape..."