Wall Street Journal

Congress Must Halt Big Tech’s Power Grab

Lawmakers don’t have to rewrite the antitrust laws; instead, these three steps could make a difference.

Distinguished Fellow
ILLUSTRATION - 06 July 2021, Berlin: The icons of internet companies Facebook (l-r), Google and Twitter are seen on the screen of an iPhone. An association of companies such as Google, Twitter and Facebook is warning that the internet giants and their services will leave Hong Kong if data protection is tightened as planned. The Asia Internet Coalition (AIC) criticizes the proposed law as too vague and disproportionate on its website. Photo: Stefan Jaitner/dpa (Photo by Stefan Jaitner/picture alliance via Ge
The icons of internet companies Facebook, Google, and Twitter on the screen of an iPhone. (Stefan Jaitner/Picture Alliance via Getty Images)

Big Tech has far too much power. Lawmakers from both parties agree, but for years Congress has been all talk and no action. Meanwhile, tech giants are threatening to use their control over digital platforms to gain unfair advantage in other markets where competing products depend on access to those platforms.

Over the past 20 years, the scope of commercial and personal activities relying on access to digital platforms has mushroomed. A few giant companies—Google, Apple, Amazon, Facebook—have achieved monopoly or near-monopoly control over key platforms, among them online search and advertising, mobile operating systems, online marketplaces, maps and social media.

Read the full article in the Wall Street Journal.