TECH AND INNOVATION
It’s no secret that Silicon Valley was built on tech. Companies from our region have transformed the way that billions of people go about their daily lives and fundamentally revolutionized the global economy. Therefore, regulatory policy should be crafted with a focus on maintaining the sort of competitive market which allowed major firms like Facebook, Google, Amazon, and Apple to emerge from garages and college dorm rooms and thrive, bringing about groundbreaking technological advancements in the process. The priority of policymakers should be to create and safeguard a system that rewards ingenuity and innovation, rather than relying upon overbearing and out-of-touch regulation which ignores the greater problems at hand.
Above all, policy surrounding so-called ‘big tech’ should be consumer-first, prioritizing the wellbeing and user experience of consumers. While regulatory action should be taken in the case that internet companies are directly harming consumers, such as with corporate infringement of user data and privacy protections, federal regulators and lawmakers should consider the effects that antitrust policies would have on those who count on the products and services provided by major tech companies. Additionally, the role that these companies play as sources of development and job creation should not be overlooked. Communities in California’s 18th congressional district and across the country benefit considerably from the presence of major internet and technology companies, and as such, enacting damaging regulations would simply bring significant economic harm to millions of people in California and beyond.
The objective of antitrust policy pertaining to so-called ‘big tech’ should be to promote and cultivate competition and innovation, rather than regulating through separation. Misguided tech policy threatens to leave us behind, and could ultimately prevent us from fully capitalizing upon the boundless possibilities of the Information Age. We need solutions which fit into the modern digital economy, instead of adhering to outdated antitrust dogma. The opportunities and benefits of technological innovation should be embraced and utilized to our advantage, rather than demonized and treated as something to fear. Our future increasingly lies in tech, and in this day and age, we need leaders who understand that reality.