Trump's war on Big Tech is getting even dumber

This is a serious issue that deserves sober analysis. Instead we have Trump.

President Trump.
(Image credit: Illustrated | Kiyoshi Ota - Pool/Getty Images, Mack15/istock)

The world's most valuable public companies are five American technology firms: Microsoft, Amazon, Apple, Alphabet, and Facebook. And one reason Big Tech is so big is that it's so important in our daily lives. Research suggests consumers would have to be paid hundreds or thousands of dollars a year to give up search or social media. And a new Federal Reserve study finds internet services have increased consumer welfare by nearly $2,000 a year annually since 2004.

So it's not surprising, then, that such companies are attracting new government scrutiny on issues such as data privacy, innovation, electoral integrity, and national security. New regulations might be required. Maybe future mergers might be prohibited or past ones unwound. These are serious policy considerations deserving serious analysis.

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James Pethokoukis

James Pethokoukis is the DeWitt Wallace Fellow at the American Enterprise Institute where he runs the AEIdeas blog. He has also written for The New York Times, National Review, Commentary, The Weekly Standard, and other places.