New Mises Article: The Problem with Big Tech

My latest article for The Mises Institute is up. This one is on a topic I have touched on a few times before, the growing danger from "Big Tech;" namely Google, Apple, Amazon, Facebook and to a lesser degree, Twitter, Microsoft, Patreon and Yahoo. And let us not forget payment processors such as Stripe and Paypal.

I take on Big Tech from a libertarian perspective arguing that not only are they incredibly biased, but "these tech firms wield enormous power, are not as private as many would believe and benefit from a very unique form of corporate welfare." For example, I note that regulation has made competition very difficult, particularly in the payment processing industry,

...[As] is common, the industry has been cartelized by major financial firms who lobby for favorable regulation. The regulatory environment for payment processors has become extremely arduous , which impedes new entrants and massively benefits the current top firms. 

And of course, I make the case that these firms are acting as publishers while being treated by the government as platforms. And they should have to pick a side. Check it out!