Commentary: Anti-trust laws needed against Big Tech firms that have too much power

CHICAGO, Illinois: With the prominent anti-monopoly advocate Lina Khan having been appointed the new chair of the Federal Trade Commission, it is a good time to consider what influence the so-called New Brandeisians will have on US anti-trust law.

For their part, the technocrats are committed to traditional anti-trust analysis, which weighs the benefits of market competition against the advantages of size. They believe that firms should be allowed to grow by offering superior products and services, even if they end up dominating markets. In thi Apr 21, 2021, file photo, Lina Khan, nominee for Commissioner of the Federal Trade Commission , speaks during her confirmation hearing on Capitol Hill in Washington.

Democrats are still seething that the Russians used Facebook to propagate misinformation before the 2016 election, while Republicans complain that Facebook and Twitter kicked Donald Trump off their platforms. The suddenness of this change helps to explain why people were once so upset when Walmart moved in and destroyed many small towns’ central shopping districts. While prices fell, a unique, often beloved, local commercial ecosystem was lost.

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