The disintegration of technology will not put America first
These antitrust efforts neglect the importance of American technology and favor our global competitors.
The urge to break up big tech is growing among America’s progressive politicians and bureaucrats. From Tim Wu’s appointment to the National Economic Council to Lina Khan’s nomination for the Federal Trade Commission, the Democrats are making antitrust enforcement a central part of their political strategy. In May, the District of Columbia joined the Democratic Crusade by suing Amazon under local antitrust law.
The left is not alone in this crusade, however. Conservatives have also joined the parade of increasing anti-tech cartel zeal. Some Republicans are excited about the idea of applying antitrust laws and expanding government powers to punish tech companies for their moderation decisions regarding conservative speech and their impact on the daily lives of Americans.
In response, senior Trump economic adviser and freelance marketer Steve Moore recently released a report detailing the devastating economic and foreign policy implications of the breakup of American tech companies. His argument, in short, is that conservatives shouldn’t cut our noses off to piss off our faces. Facebook’s disdain for alternative idioms should affect conservatives, but the breakup of our most successful companies – including Apple, Amazon, and Google – would harm our economy, our workers, and our freedom of speech at a critical time in our nation’s history. As we rise to the challenge of a Chinese rival, Moore’s report puts our workers, our consumers, and the American economy first. America First Republicans should heed his warnings about the effects of the disintegration of the technology.
Enforcing antitrust law in the tech space could actually increase the problem of bias in social media against conservatives even worse by making websites more vulnerable to attacks from the left and boycotts of lively corporations like Ben & Jerry’s. Smaller, mostly conservative social media sites cannot afford the bad press that the left rains on them, as larger corporations can.
These legal attacks will not only worsen free speech, but also harm our free enterprise system. A current example of what an antitrust approach could lose to big tech is low inflation rates. Inflation soars rapidly under President Joe Biden; Our technical services play a key role in keeping prices down and helping American small businesses compete. Moore’s research shows that the prices we pay for many technical products have dropped radically since 2000. For example, an annual license for Microsoft Office cost $ 499 20 years ago. Thanks to fierce competition, any American has access to email, word processing, and spreadsheet software free. Internet service prices alone have fallen 25 percent since 2000, a period in which prices across our economy have increased nearly 50 percent.
Voters are not quick to forgive or forget about a Republican party that helped the Democrats destroy an online ecosystem that so many Americans rely on. Punishing America’s leaders for their innovation and success threatens the everyday economic benefits Americans have received from technology. If Amazon is forced to divest its profitable cloud computing business, Amazon Web Services, American consumers are likely to see fewer free Amazon services like online photo storage and TV streaming, and two-day delivery is likely to be more expensive.
While technology has benefited Americans in everyday life through innovative and high quality services, it has enabled America’s global leadership in future technology topics such as artificial intelligence, autonomous vehicles, and information services, all of which will play a key role in the American economy of the 21st century. While America leads the world in these areas, China is snapping on our heels and using its resources to overtake the US in technology leadership.
The segregation and regulation of our technology companies will reduce their ability to innovate quickly and keep them cutting edge. This will be the greatest boon to China in its endeavor to run the world’s technical services. Instead of innovating and producing competitive services that people want, China will sit back and relax as our government tears apart a key US industry. As Moore rightly says in his report, “The greatest threat to economic and national security America faces in the 21st century is the rise of communist China…. Calls for the dissolution of high tech or bans against [tech’s] Expansion in the market is only doing our competitors in Beijing and Europe a favor. ”This should sound true to the Conservatives, because the fight for US global supremacy shouldn’t be about fighting our own entrepreneurs, but making sure we are against Win china.
While conservatives rightly criticize the demolition culture and lively capitalism, we should not misdirect our struggle against wakefulness as more important than our struggle against a Chinese century fueled by Chinese technology. Given the left’s lack of understanding of this threat and its desire to regulate all corporations into submission, it is clear that conservatives and the American tech industry may need each other more than ever. I am waiting for the day when both conservatives and big tech recognize the real threats to our economic and national security.
Rick Santorum is a former US Senator from Pennsylvania.
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