When considering whether larger companies should be allowed to acquire smaller competitors, lawmakers should abandon the immediate presumption that “big is bad.” Instead, they should understand that acquisitions can support innovation, the broader economy, consumer welfare, and a competitive marketplace. Instead of deferring to a “big is bad” mentality, policymakers should recognize this reality and craft policy that supports the current tech ecosystem, not make it harder for tech platforms to operate. After all, popular politics does not mean good policy.
This op-ed can be found in Inside Sources.