On July 27, the House Judiciary Committee will host the CEOs of Amazon, Apple, Facebook and Alphabet as part of an ongoing antitrust inquiry. The need for such an inquiry is doubtful, since each of these companies achieved market dominance as a result of consumer choice rather than monopolistic behavior. There isn’t a single service they provide for which multiple alternatives are not readily available. Launching antitrust actions against the nation’s most successful technology companies makes it easier for Chinese rivals to overtake and surpass them in the global market, ultimately undermining national security. I have written a commentary for Forbes here.
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