America’s Monopoly Problem Goes Way Beyond the Tech Giants
Congress grills Amazon, Apple, Facebook, and Google, but many other industries also deserve antitrust scrutiny.
On Wednesday, the House antitrust subcommittee will hear testimony from the CEOs of the Big Four tech firms: Amazon, Apple, Facebook, and Google. Aside from possibly bringing together more wealth than ever before assembled in a congressional hearing, the event marks a triumph for a nascent movement of antitrust scholars who have revived the debate about concentrated economic power in the United States. Members of Congress will be able to detail how large tech platforms abuse their position to invade user privacy, muscle out or buy up competitors, and gouge suppliers and partners—behaviors that ultimately damage innovation and exacerbate inequality.
