Starting at the end of the 19th century, many Americans viewed the emergence of large, industrial corporations as a threat to the republic, and these concerns were translated into the Sherman and Clayton antitrust acts. Today, a similar panic is in full force, this time led mainly by congressional Democrats, who have introduced sweeping legislation ostensibly targeting the 21st century corporate titans they and others derisively call “Big Tech.”
Publications
March 16, 2022
In revising merger guidelines, antitrust agencies should refrain from embracing the populist narrative that pursues market deconcentration and corporate disintegration at the expense of companies’ innovation, efficiency, and competitiveness.
March 16, 2022
Expenditures for retail prescriptions have been roughly stable for the past two decades as a share of total U.S. health-care expenditures. Instead of applying broad price controls, policymakers should promote affordability and mitigate out-of-pocket costs for individuals.
March 15, 2022
America’s world-leading life-sciences innovation system is a product of myriad policies, but one that is all too often overlooked is the Bayh-Dole Act, which gives IP rights to universities that produce innovation with federally funded R&D.
March 14, 2022
The ever-growing gap between technological innovation and domestic and international policy frameworks shows many policymakers are struggling to adapt rules and norms to the digital economy, which detracts from its potential benefits.
March 14, 2022
Time-lag implementation in the regression also showed a delay of three years between the point of AI adoption and return on productivity growth, indicating an investment delay for AI that could also explain previous literature gaps.
March 11, 2022
There are multiple opportunities to advance solutions to major societal challenges by fostering transatlantic cooperation in biotech policy. But developing and applying them will require a return to science-based regulation that advances safety while enabling, not deterring innovation.
March 9, 2022
The Russian invasion of Ukraine is a horrific violation of international norms and human rights.
March 8, 2022
Last year, President Biden issued two executive orders (EOs) that mandated federal agencies invest in cybersecurity and customer experience (CX).
March 7, 2022
“Defending Digital” Series, No. 3: Policymakers on both sides of the aisle are itching to curb the power of Big Tech. But the history of the digital technology business shows that targeted remedies are much more effective than sweeping government interventions.