The Facebook lawsuit aimed at breaking up an innovative leader of social media arbitrarily favors internal growth over external growth, discretionarily disavows previous regulatory decrees with retroactive effects, and discards consumer preferences in order to impose the regulator’s preferences of a myriad of platforms forced to renege on the sought-after scalability of the platforms.
Publications
January 28, 2021
When it comes to the economy, the Biden administration will have to focus on three things: COVID, a recovery package, and China. Competing with China will require a robust, sector-focused industrial strategy, writes Rob Atkinson in American Compass. Building political support for this strategy means arduously reprogramming an entire chain of glitchy logic.
January 28, 2021
We now have a new capability for vaccine design and manufacturing that is essentially modular, because we can now package an essentially infinite variety of mRNAs into liposomes—a delivery system as generic as a UPS truck.
January 27, 2021
The United States has been a leader in AR/VR innovation. To maintain this position going forward, the Biden administration should prioritize AR/VR alongside other emerging technologies such as 5G and artificial intelligence.
January 27, 2021
Is this really a privacy or an antitrust problem, or yet another example of a conflated, little understood issue?
January 26, 2021
The Center for Data Innovation has filed comments with the U.S. Consumer Financial Protection Bureau (the “Bureau”) on developing regulations to implement section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which provides for consumer access to financial records.
January 25, 2021
The Commission’s inception impact assessment envisages the possibility of no longer enforcing competition laws with respect to independent platform workers in order to improve their working conditions. The four options identified by the European Commission are misguided and detrimental to consumers, platform workers, and innovation. ITIF articulates 10 better ways to improve the working conditions of economically vulnerable platform workers while preserving the proper enforcement of EU competition laws in a fast-changing and highly innovative digital platform economy.
January 25, 2021
The next production revolution will be a boon for a global economy that is sputtering and experiencing lagging growth and investment. This new technology wave should lead to a virtuous cycle of increased investment, higher productivity, more spending, and more investment.
January 25, 2021
When it comes to federal investment in science, the free-marketers’ argument that the private sector can and will do most of the heavy lifting and that government can let federal support for R&D stagnate or even shrink is mistaken.
January 25, 2021
The United States still holds a substantial overall lead in AI, but China has continued to reduce the gap in some important areas and the EU continues to fall behind.