Call off watchdogs: Big tech may be monopolistic, but is good for consumers

Call off the antitrust watchdogs

Big tech” is under increasing scrutiny. Tech giants like Amazon, Google, Apple and Facebook are being accused of a wide variety of sins: promulgating fake news, stifling innovative competitors, and crushing mom-and-pop shops, to name a few. Some critics have gone so far as to call for these powerful companies to be converted into public utilities. Others want the government to use its antitrust powers to break up big tech.

This borders on the absurd.

For the past half century, the US government has followed the best standard that economists and legal scholars have come up with to