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History Shows We Shouldn’t Regulate Big Tech

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If history is any guide to action, we would still be far better off in a world of imperfect self-regulation.

By Donovan Choy                      @fee.org

There is no rest for the Big Tech corporations of today. A growing animosity toward Google, Facebook, Apple, and Amazon has gained mainstream traction, seen by increasingly louder calls by activists and politicians from across the political spectrum to regulate tech markets.

This phenomenon—commonly referred to as “techlash”—is a bipartisan policy concern albeit for vastly different reasons. US Democratic Senator Elizabeth Warren decried Big Tech as posing risks for American democracy due to public reliance on it, while Republicans such as Trump and Senator Ted Cruz have lambasted Big Tech for an inherent self-regulatory bias against conservatives.

But before we jump to the conclusion that government bureaucrats need to rein in Big Tech, we must constantly keep in mind and appreciate just how gargantuan of an impact the internet has had in ameliorating liberal democracies and human freedom.

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