Name: Opinion | Antitrust Can’t Bust a Monopoly of Ideas
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Opinion | Antitrust Can’t Bust a Monopoly of Ideas

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Skip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed byour Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contactDow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.https://www.wsj.com/articles/antitrust-cant-bust-a-monopoly-of-ideas-11596643591ShareBy Aug. 5, 2020 12:06 pm ETThe House Judiciary Committee’s Antitrust Subcommittee grilled the CEOs of Apple, Alphabet, Facebook and Amazon last week about alleged anticompetitive practices and market abuses. Chairman David Cicilline concluded by declaring that “we need to ensure the antitrust laws first written more than a century ago work in the digital age.” The American public is right to question the growing power of large corporations, but Congress misses the point by viewing this problem solely through the lens of antitrust. Antitrust law was designed to protect consumers from monopolies and cartels that use market power to limit consumer choice and charge higher prices. It may have once been a relevant tool to fight the crude monopolistic pricing practices of tycoons like John D. Rockefeller and Andrew Carnegie. But the most troubling effects of concentrated corporate power are different today. Continue reading your article witha WSJ membershipAlready a member? Sponsored OffersCopyright ©2022 Dow Jones &amp; Company, Inc. All Rights ReservedThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed byour Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contactDow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

Skip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed byour Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contactDow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.https://www.wsj.com/articles/antitrust-cant-bust-a-monopoly-of-ideas-11596643591ShareBy Aug. 5, 2020 12:06 pm ETThe House Judiciary Committee’s Antitrust Subcommittee grilled the CEOs of Apple, Alphabet, Facebook and Amazon last week about alleged anticompetitive practices and market...

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Vivek Ramaswamy

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Opinion | Antitrust Can’t Bust a Monopoly of Ideas

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