Presidential hopeful Elizabeth Warren has a new plan to break up big tech companies. The proposal entails appointing a bunch of regulators to undo mergers that her administration would deem anti-competitive. Warren’s plan would classify any company that runs a marketplace and makes more than $25 billion a year as a “platform utility” and prohibit them from selling their own products.
Considering the prevalent knee-jerk loathing of big tech and capitalism in general, writes David Harsanyi, it’s likely to be a popular idea. Many conservatives, angered at social media platforms, will also find the notion of breaking up these companies agreeable. But there are number of good economic and idealistic reasons to oppose Warren’s plan.