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Happening TODAY at 2:00: A debate between @jasonfurman and @ProfWrightGMU, "Do Digital Platforms Require a New Regulatory Regime?" Tune in at the link below! https://techpolicyinstitute-org.zoom.us/j/93667290512
Great pre-reading by @SteveLohr before today's event: https://www.nytimes.com/2020/10/22/technology/antitrust-laws-tech-new-regulator.html?utm_medium=email&utm_campaign=Newsletters&utm_source=sendgrid
We begin with @jasonfurman, who notes there is clear benefits from big tech companies and suggests putting place a light-touch, pro-competition regulator dedicated to determining the costs of using big tech #TPIAspen2020
. @ProfWrightGMU says that he and Jason's solutions are both somewhere in the reasonable middle. He adds that there are a lot of problematic pieces of the House report, which may stifle competition or innovation. A case-by-case system would be more pro-competitive. #TPIAspen2020
Furman says the current antitrust regime has a lot of unclear rules; making the rules clear and also getting ahead of the problem may help markets move forward. #TPIAspen2020
There are viable theories as to harms committed by big tech companies. Using judicial review where the plaintiff bears the burden of proof in showing harm by one of these companies avoids the problem of over-reaching regulations, says Wright #TPIAspen2020
A combination of the judicial system and regulatory regime based on the consumer welfare standard has worked wonderfully, says Wright. Between those two, there is enough power to review and prevent harms. #TPIAspen2020
The errors of the status quo have gone in the wrong direction. At the same time, making worse policy than the status quo is not the answer either. Implementing better systems for review to prevent our current outcomes would help consumers, says Furman. #TPIAspen2020
Thank you to both @jasonfurman and @ProfWrightGMU for an informative, civil, and dare we say.... FUN debate! For those of you that missed it, we will post the event video. It's always wonderful to watch productive discourse. #TPIAspen2020
