Trump DOJ wrong to persecute Big Tech with antitrust: CEI statement
On news that the Trump Justice Department is launching an antitrust review of big technology firms like Facebook, Google, Amazon and Apple, a CEI technology policy expert warned that persecuting the companies will do more to empower politicians, bureaucrats, and lesser competitors than help the consumers who now benefit from big tech products and services. Statement by Jessica Melugin, Competitive Enterprise Institute Associate Director, Center for Technology and Innovation:
“The U.S. standard for antitrust action is consumer harm. It’s going to be difficult to find consumer harm among these fiercely competing technology firms that deliver popular innovations and falling prices (sometimes even a price of zero dollars). Moreover, the technology sector provides 12 million U.S. jobs, has the highest research and development investments in the country, and has record-setting capital venture activity. None of those are signs of an uncompetitive market or of harm to consumers.
“What these antitrust investigations produce is mostly publicity for politicians, opportunities for competitors to rent-seek instead of competing in the marketplace, upward job mobility for career bureaucrats, and delayed and missed innovations for consumers.
“The Department of Justice should stand down from investigating these dynamic and innovative technology companies. Consumers know that the tech sector benefits them in countless ways; they likely can’t say the same for politicians and regulators inside the beltway. Markets will deliver better results in less time and with fewer costs.”
> Related report: The Case against Antitrust Law
Source: https://cei.org/content/trump-doj-wrong-persecute-big-tech-antitrust-cei-statement
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).