The Business Times
COMMENTARY
·
SUBSCRIBERS

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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Big TechAppleMicrosoftCommentary

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More