OP-ED: Beware the dead hand of the digital regulator
CapX – ICLE Director of Competition Policy Sam Bowman had an op-ed in the CapX about the U.K.’s proposed Digital Markets Union, which threatens to become a “super regulator” with authority over more and more of the economy. You can read the full piece here.
Should bureaucrats decide how Google designs its search results page? The Government seems to think so. It plans to set up a new body that will regulate tech companies in much the same way as British Gas and Thames Water, with all the box-ticking and drag on innovation that involves. What’s worse, over time, this regulator is likely to become an economy-wide super-regulator, overseeing the activities of many of the most successful companies in Britain. And, so far, almost nobody seems to have noticed.