Washington, DC – The House Subcommittee on Antitrust released its long-awaited report today on competition in digital markets. The recommendations include a call to break up tech companies so they can no longer own platforms and offer products and services on them at the same time, something that almost all other retail leaders do and do well.
“The radical proposals set forth in the report would hinder America’s most innovative and globally competitive companies, simply because they are big, and ultimately would harm consumers,” noted Alec Stapp, Director of Technology at the Progressive Policy Institute. “The real problem with antitrust enforcement is that our agencies are underfunded and haven’t addressed the real competition issues in the healthcare and other consumer-facing industries”
“The report just skips over the statistical evidence that these companies lead the sector which has performed better than the rest of the economy in terms of prices, productivity, wages, investment and job growth,” said Dr. Michael Mandel, Chief Economic Strategist at the Progressive Policy Institute. “If you have a car that’s running smoothly, why disassemble it for parts?”
Experts Alec Stapp, Director of Technology Policy and Dr. Michael Mandel, Chief Economic Strategist at the Progressive Policy Institute are available for commentary. For more information or to speak with Alec or Michael, please contact Ryan@RokkSolutions.com.
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