Speaking in a personal capacity at CCIA’s luncheon panel discussion held during the ABA Antitrust Spring Meetings, Bruce Hoffman, Acting Director of the Bureau of Competition at the U.S. Federal Trade Commission (FTC), argued current U.S. antitrust law is “the result of decades of experience in the United States with failed standards, such as protecting […]
A new poll from The Wall Street Journal and NBC finds Americans have “only a limited appetite for new government oversight” of leading tech services. Consistent with polls run in the past, WSJ/NBC find 51 percent of Americans said there was either too much or just the right amount of tech industry regulation right now. […]
Yesterday, Greg Ip published a piece in The Wall Street Journal outlining the impacts of public scrutiny on innovation and the industry. It can be “good, bad or downright ugly for technological progress,” he says, outlining the nuance between different types of backlash. After all, as he points out, not all tech can just be […]
Yesterday, in Harvard Business Review, former antitrust counsel for Microsoft Maurice Stucke argues for a new approach to antitrust enforcement regarding America’s leading tech services because they are allegedly “monopolizing” data. Stucke’s demand for a vague “big is bad” antitrust mentality won’t support innovation or lower prices. Moreover, he erred in five critical ways. 1. […]
Yesterday, in Harvard Business Review, Brookings Institution Senior Fellow David Wessel provided four “warning signs” to guide policy discussions on industry concentration trends. Concerns of economic concentration reflect real challenges in our economy, but the tech sector is bucking the trend: 1. Business dynamism: The tech sector is growing faster than GDP with new companies and […]
Speaking with Recode’s Kara Swisher this morning on leading tech services, Senate Minority Leader Chuck Schumer (D-NY) argued the world is better off with them. When asked about growing tech companies, Sen. Schumer noted, “Yes, they’re big. But big can do good things as well as bad things. And you gotta separate the wheat from […]
In the latest issue of Esquire, NYU marketing professor Scott Galloway offers his latest salvo on leading tech services. But in the Harvard Business Review, Georgetown’s renowned Internet industry analyst Larry Downes’ writes “How More Regulation for U.S. Tech Could Backfire.” Downes highlights how the best regulator of technology is “simply more technology.” Taken together, […]
On Liz Claman’s “Countdown To The Closing Bell,” (1/30/18) marketing professor Scott Galloway, reacting to stock price movements, argued, “The reason why I think they [leading American technology services] need to be curbed, or specifically broken up, is that, as evidenced today, we don’t have fair competition, the markets are no longer that competitive. When […]
Leading technology services positively contribute to all aspects of our livelihoods and regularly offer the nation’s most popular products in the eyes of consumers. This should not be all that surprising. These services have empowered people across the globe – lowering prices, offering more information to make life decisions, and giving consumers more choices.
Last week, The Economist opened a story about attacks on leading technology services by conceding “much of this techlash is misguided.” The piece dismantles the cliche “big is bad” argument, claiming “the presumption that big businesses must necessarily be wicked is plain wrong. Many online services would be worse if their providers were smaller.” Unfortunately, […]
Hostility to innovation and technology diminishes the incredible Internet-enabled opportunities that leading tech services provide: empowering consumers, driving prices down and increasing choice, and providing platforms to help entrepreneurs grow their businesses. It has given us a golden era of entertainment, knowledge, and everything from fashion startups, to booming mom and pop stores, to the latest app.
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