Geoffrey Manne on Breaking Up Big Tech in Article

Preventing dominant incumbents from buying up newcomers–another favored fix–might create more competition, but it also might depress startup formation, since founders often see acquisition as their most reliable exit strategy. Antitrust is full of such question marks, and the academic literature underpinning the case for trust-busting is riddled with inconsistency, says Geoffrey Manne of the International Center for Law & Economics. “The evidence is weak,” he says. “Noticing there’s an increase in concentration and asserting it correlates with some outcome you’re worried about doesn’t mean there’s a causal relationship.”

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