The New “Trust Busters” Are A Danger to American Prosperity and Tech Dominance

Antitrust actions against large and profitable American companies have become increasingly popular on the political right and the left. Democrats in the House last year launched a 16-month investigation into the “monopolistic” behavior of companies like Amazon, Apple, Facebook, and Google. Democratic Senator Elizabeth Warren of Massachusetts continues to excoriate big tech for squeezing consumers, while Democrat Amy Klobuchar of Minnesota (the chair of the Senate Antitrust Subcommittee) recently introduced legislation to “modernize” our anti-monopoly laws in ways that could cripple American prowess in the new frontiers of technology products.

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