I have done a whole lot of chronicling of the Joe Biden Administration’s Federal Trade Commission (FTC) – and its Department of Justice (DOJ)’s Antitrust Division – being WAY too hyper-active.
Of their attacking the tiniest of companies. And the tiniest of mergers.
Including mergers small and medium – that would actually be beneficial to consumers and the marketplace.
One thing of which DC has done very little – is anything substantive about the hugest companies in the history of humanity: Big Tech.
We know why: Big Tech dominates DC – by having hyper-donated for a decade-plus to just about everyone.
Both halves of the DC UniParty have been richly remunerated for their comprehensive Big Tech fealty.
Biden, Inc’s very many small-and-medium-sized victims – can’t hope to compete in DC with Big Tech.
Or in the marketplace with Big Tech. Especially when Big Tech bribes DC to go after Big Tech’s competitors – and not Big Tech.
Big Tech’s DC dominance is why the Internet is nearly three decades old – and DC STILL hasn’t extruded any sort of data privacy legislation.
“There is no comprehensive national privacy law in the United States.”
And if actual privacy legislation ever does happen? Guess what will happen….
What about antitrust legislation? Glad I’m pretending you asked.
“Last-minute changes to major antitrust legislation working its way through the House appears to exempt several Big Tech companies from being affected by its regulations.
“The legislation, which has been months in the making and was crafted to take on Big Tech monopolies….”
In DC,, even what specifically starts as Big Tech Target action? Ends up being Big Tech Exemption action.
Big Tech’s comprehensive control of DC – certainly also results in regulatory agency capture. Which means the FTC and the DOJ.
They have LONG turned a blinded eye to Big Tech’s glaringly obvious marketplace dominance.
As but one example – of very, VERY many: Remember this?
“The companies pulled support for the “free speech” social network, all but killing the service just as many conservatives are seeking alternatives to Facebook and Twitter.”
Collusion, anyone? Election interference, anyone?
Well, FINALLY, the FTC-DOJ Big Tech sleepwalkers – have awoken at least a little.
“The 10-week trial, set to begin Tuesday, amps up efforts to rein in Big Tech by targeting the core search business that turned Google into a $1.7 trillion behemoth….
“The Justice Department has spent three years over two presidential administrations building the case that Google illegally abused its power over online search to throttle competition.”
THREE YEARS?!? Big Tech money – gets them LOTS of DC feet-dragging:
“There seems to be an unwritten monetary cap on FTC action. If a company is Big – it can act with nigh total impunity from ACTUAL FTC scrutiny.
“Cases are made – almost instantly – against small businesses like Jet Blue and Spirit.
“Big Business? Not so much.
“‘Contours of Potential Federal Trade Commission Case Against Amazon Become Clearer’:
“‘The FTC has been investigating the $1.4 trillion online retailer, movie studio owner, primary care medical provider, Whole Foods grocery store holder, and cloud services company for years….’
“With ALL of this hyper-acquisition going on? ‘The FTC has been investigating…for years….’
“What the heck is taking so frigging long?”
Big Tech money – also gets them LOTS of market domination….
“Google had ‘weaponized’ the use of default agreements to discourage rivals.”
What is a default agreement? Glad I pretended you asked….
Get that? Google is SO dominant in Search, fellow Big Tech giant Microsoft has spent years and many billions of dollars on its Bing search engine – and STILL can’t wedge its way into the marketplace….
“Google had around 93.18% market share in the search engine market worldwide.
“Bing had around 2.87% market share in the search engine market worldwide.”
But Google has been that dominant – for YEARS. Only now is DC FINALLY awakening to it.
Oh: You fellow less government types?
You really should.
And to quote Chicago, that should be only the beginning.
Because while DC slept for a decade-plus, MANY similar antitrust things happened.
Let us at this moment focus on but one:
Market mass consolidation….
ALL of that – and more – with hardly a sideways glance from DC.
On all of this – and a WHOLE lot more?
DC had better start looking a WHOLE lot harder….