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Creative destruction, not government intervention, will ‘fix’ Big Tech

Some regulation is necessary, but political interference to break up industry behemoths could be counterproductive

    • Most major governments tend to shoot first and ask questions later in dealing with tech behemoths, the writer says.
    • Most major governments tend to shoot first and ask questions later in dealing with tech behemoths, the writer says. PHOTO: REUTERS

    Ken Fisher

    Published Mon, Jul 1, 2024 · 05:00 AM

    BREAK up Big Tech? Pandering politicians in the United States of America, Asia and Europe say the sector’s behemoths are too dominant and require a regulatory crackdown.

    European politicians yapped endlessly about Big Tech “fixes” during the run-up to the European Union (EU) elections. America’s looming November vote fans “break up the monopolies” blabbering.

    It is all nonsense.

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