When Massachusetts Sen. Elizabeth Warren (D) first went on the warpath against big banks, she captured the attention of middle America. Now, Warren has turned her wrath on Big Tech. Her mantra is that big companies are bad, and the bigger the badder they are for all of us. The government, she argues, should step up its regulation of these companies and step in to break them up if necessary. Not only is Warren wrong but she is also out of step with most Americans today.
It would be unfair to lay all the blame on Warren for the campaign against big corporations. This sort of populism has been a strain in American politics since the Revolution, and most recently since the Occupy Wall Street campaign. But today’s anti-corporate movement has a new look and a new lexicon, including terms like privacy, net neutrality, and transparency, to accompany the typical notions of competition and consumer protection.Continue reading “Campaign To Break Big Tech Is Regulatory Overkill”