Both Democrats and Republicans Want To Break Up Big Tech. Consumers Would Pay the Price.

“You don’t have to believe that the market produces perfect outcomes to understand that government can rarely outperform private enterprise. Political decisions aren’t driven by any market signals, profit motive, or consumer preferences. These decisions are inherently political, suffer from a serious knowledge problem and are mostly untied to any accountability regimes when they fail. Government often proves to be biased against large, successful companies that provide new technology that legislators often don’t understand well but consumers love. This is why government so often fails, and this policy is no exception.”
https://reason.com/2022/07/21/both-democrats-and-republicans-want-to-break-up-big-tech-consumers-would-pay-the-price/

Leave a Reply

Your email address will not be published. Required fields are marked *