Big Tech 'Antitrust Reform' Agenda Sags, Revealing Mostly Empty Rhetoric

Big Tech 'Antitrust Reform' Agenda Sags, Revealing Mostly Empty Rhetoric

2 years ago
Anonymous $dEyjbtEkMr

https://www.techdirt.com/articles/20220110/07440648261/big-tech-antitrust-reform-agenda-sags-revealing-mostly-empty-rhetoric.shtml

Much of last year was dominated by talk about how there was a "new, bipartisan coalition" of folks interested in "reining in big tech" via "antitrust reform." The GOP in particular, which has, for forty years, largely embraced and encouraged monopolization and consolidation at every turn (see telecom as a shining example) was repeatedly portrayed as "very serious about antitrust reform this time." At least as it applied to "big tech." There are countless U.S. business sectors where monopolies and anticompetitive behaviors are rampant that Congress simply couldn't give any less of a shit about, whether it's banking, health care, telecom, airline travel, or energy.

For years, experts pointed out that U.S. antitrust reform had grown toothless and frail, our competition laws needed updating in the Amazon era, and "are consumers happy" (the traditional consumer welfare standard) doesn't actually measure all aspects of potential harm in complex markets. You can look to U.S. sectors like telecom to see the work that needed doing. Good news! We were, the Congress, the press, and the punditry insisted, entering a bold new era of "antitrust reform" with "bipartisan support." At least in terms of "big tech." Why only big tech? Who knows! Stop asking questions.