The Crystal Ball of Antitrust Regulators Is Cracked

Blockbuster store in Broomfield, Colo., in 2011. (Rick Wilking/Reuters)
They should remember that the giants of today could soon join the Blockbusters and Polaroids of yesterday.

NRPLUS MEMBER ARTICLE O n July 27, CEOs from four of the largest U.S. tech companies — Amazon, Apple, Facebook, and Google — will testify before Congress on competition in the digital marketplace. This follows a large wave of anti-tech backlash premised on the idea that modern tech giants have a disproportionate amount of market power and control. Many observers notice the size of these tech companies and struggle to imagine how they might ever face meaningful competition in the absence of government intervention. But history provides us with some much-needed perspective on how fast things can change in the modern tech economy.

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