In the debate between breaking up Big Tech and homing in more on privacy regulation, some observers propose seeking a balance. Former Federal Trade Commission (FTC) Chairman and George Washington University Law School Professor William Kovacic believes there’s a “synthesis” between the two sides, but he thinks US Sen. Elizabeth Warren (Democrat – Massachusetts) was right to bring up the issues, CNBC reported.
“It’s time and useful to have a rethink of what we’ve been doing,” Kovacic said. But he noted that the more cautious approach from the other direction raises questions about how that will be done and what techniques will be used to make changes. Even so, Kovacic said Warren is providing a useful service by bringing the issue to light, but the more cautious approach of a number of Republicans and some Democrats is to temper the way to address it.
“That could produce an acceptable result,” Kovacic said. He also pointed out that there appears to have been a drop-off in the number of new startups over the past decade, with fewer companies coming in the market and stimulating continued developments. The main competitive issue for consumers, Kovacic said, is “we’re not having the same level of vitality that we’ve had in the past.”
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI