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Why Did Congress Just Vote to Break Up Big Tech?
It’s been an extraordinary week. On Monday, the Supreme Court ruled against the NCAA for abusing its monopoly over the terms and wages of student athletes. Yesterday, the House Judiciary Committee, which is the body that has jurisdiction over antitrust law, wrote and voted on legislation to break up big tech firms Apple, Google, Amazon, and Facebook. There are problems with the bills, and I’ll get into them. But the underlying content is less important than the political message, which is that breaking up big tech is looking increasingly inevitable.
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