Recently, Sens. Elizabeth Warren (D-Mass.) and Lindsey Graham (R-S.C.) proposed legislation to regulate online platforms such as Amazon, Google and Meta. They argue that their bill “would rein in Big Tech by establishing a new commission to regulate online platforms.” In a New York Times editorial, the senators pointed to such agencies as the Interstate Commerce Commission and Federal Communications Commission for “preserv[ing] innovation while minimizing harm presented by emerging industries.” Unfortunately, history shows that such ideas can instead harm innovation, American consumers, and the U.S. economy. This is demonstrated by the very agencies the senators cited as success st
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