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Should the Government Break Up Tech Companies?

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We have an enormous degree of concentration in digital markets Some of that concentration actually helps consumers because they can use a whole suite of Google products

They can find any one of their friends on Facebook But that concentration also has a real downside It can have a downside for privacy, for choice, for quality, maybe even for the prices that consumers have to pay explicitly and often implicitly The question is what can you do about that? I think if you just go and break the tech companies up, you risk taking away a lot of the benefits the consumers get from the scale that they've come to enjoy So I wouldn't do that

What I instead would do would set up a regulatory process A regulatory process would say, if you're really efficient delivering benefits for consumers, that's okay If you're trying to extend your monopoly into a new area, that's not okay You're trying to profit unfairly from your monopoly, that's not okay and oh, by the way, we're going to make it so that data is more portable, standards are more open and so that'll give consumers more choices, make it easier for new companies to enter and compete

Source: Youtube

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