Europe’s Tech Regulation Is Not an Economic Policy
While the European Union's groundbreaking Digital Markets Act was a positive step, simply applying outdated and ineffective competition rules to the tech sector will not drive economic progress. To spur innovation, Europe should leverage antitrust to champion broader social and economic goals.
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BRUSSELS – “How have you managed to tame Big Tech?” US Senator Elizabeth Warren asked on a recent visit to the European Parliament. Amid a flurry of papers, conferences, and workshops heralding the dawn of a new era in tech enforcement, the “Brussels effect” is being trotted out again.