By: Editorial Staff, Date: December 27th, 2021
For years, tech giants such as Facebook, Apple, and Google have benefited from a relative lack of regulation. During that time, these tech giants have grown to become immensely powerful, wielding an incredible amount of control over the daily lives of their users and the world at large. Now, however, lawmakers on both sides of the aisle are finally coming to the conclusion that these tech giants have become too powerful – and an onslaught of antitrust laws could soon follow.
In the House and Senate, a slew of new antitrust laws designed to target Big Tech have recently been introduced. Perhaps most telling, though, is the fact that these antitrust laws are largely receiving bipartisan support at a time when the two parties are able to agree on almost nothing else.
Congress isn’t the only one starting to take action against Big Tech; Leaders at the Department of Justice’s Antitrust Division and Federal Trade Commission have become increasingly outspoken about the dangers of Big Tech and are poised to aggressively enforce any antitrust laws passed by Congress. Attorney generals across the country have also signed on to a wide range of lawsuits accusing tech companies of anti-competitive practices.
While the solution to the problems created by the fact that these Big Tech companies have amassed too much power may not be as simple as some might imagine, these actions to limit the power that they wield are nonetheless consequential. If these efforts against Big Tech companies such as Facebook, Google, Amazon, Apple, and Microsoft are ultimately successful, the lack of regulation that these companies have enjoyed in the past could soon be coming to an end.