Lawsuits brought against Big Tech reflect a resurgent populist sentiment across the globe.
Against this social phenomenon is the economic reality that big-tech has brought huge advantages to consumers and supply chains across the world. Amazon has led much of the growth of e-commerce in the US and other western economies. Almost 80 percent of customers of Amazon report they are extremely or very satisfied with Amazon. Evidently, customers actually like the hugely expanded scope that online purchases have provided.
This is a departure from the direction taken by President Ronald Reagan. He envisioned a consumer welfare standard for antitrust. The Court has long interpreted the antitrust statutes as having ultimate consumer welfare as their primary objective. Competition, not competitors, is what the antitrust laws protect—for the eventual benefit of the consumer. If a company brings goods and services to market at a lower price and higher quality, antitrust should not stand in the way.
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