December 28, 2018
India is passing laws to stop big tech from cornering the market. Does the U.S. government need to take a page from India? China, not our first go to for policy direction, has similarly had success with regulating its market to support local tech companies over international ones. I think some large U.S. tech companies engage in predatory behavior and have advantages that need to be curtailed to allow smaller, local U.S. companies to grow. Unfettered capitalism isn’t capitalism. It’s abusive capitalism and we have to put rules in place rules in place. (As a reference, we have anti-monopoly rules from the1920s.) Today’s market may call for new rules to ensure fair play. Notably, big tech have anticipated this regulatory push back and already employ thousands of lobbyists in DC and nationwide in order to protect their advantages.