And, yet, it’s possible to see something of Europe’s approach in Senator Elizabeth Warren’s recent proposal to break up Big Tech. In a white paper published on Medium, last month, Warren lays out an existential rationale for her argument, writing that “we must ensure that today’s tech giants do not crowd out potential competitors, smother the next generation of great tech companies, and wield so much power that they can undermine our democracy.”
She then diagnoses the problem: tech companies have used mergers and proprietary marketplaces to limit competition. That is how the five Big Tech companies—Amazon, Apple, Google, Facebook, and Microsoft—have grown their businesses. They have hoovered up four hundred thirty-six companies during the past ten years, almost all without antitrust reviews. Facebook even deployed an app that looked for rivals that it could either buy or kill.
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