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You may have heard the Biden Justice Department is suing Google in federal court for being a "monopoly." That's a bizarre charge given that few, if any companies in all American history have lowered prices more than Google -- which provides access to information that used to take hours or days to find -- with merely a click of a button, and instantaneously. And it does it basically for free.
Wait, I thought monopolies are bad because they RAISE prices. Google does the opposite. If you're a consumer and a user of Google searches and you feel aggrieved, raise your hand.
Actually, the Biden lawyers aren't even trying to make the case that Google harms its users. Instead, it has invented a new legal theory that Google is hurting its competitors -- many of which aren't even located in the United States. This would be like Burger King suing McDonald's because more customers are choosing the golden arches.
It appears that the crime that Google is being charged with is that the company is TOO successful, and consumers like and use it TOO much.
That is the essence of the hollow case of Biden v. Google.
It's true that many conservatives don't like Google's left-leaning politics and bias in some of its search algorithms. Neither do I. But it's their product, and consumers can always walk away. But if the issue is what is in the national interest, the villain in this case is the Justice Department, not Google.
Let's back up a minute. The reason that the U.S. emerged as the massive winner in the tech wars of the last three decades is that Congress made a rare wise decision by passing a law in the mid-1990s (thank you, Rep. Chris Cox) that essentially declared this new and revolutionary communications device called "the internet" tax-free, regulation-free and lawsuit-free. Tech companies weren't to be encumbered with nuisance lawsuits like this one.
This laissez-faire strategy sparked a Wild West gold rush of creativity and entrepreneurial explosion -- unimpeded by government -- that created tens of trillions of dollars of wealth and sprouted trillion-dollar companies from Google to Apple to Amazon to Facebook. They are all predominantly owned by more than 100 million American shareholders. And we have shared in the trillions of dollars of wealth created.
America won this tech race big time. We blew away the Europeans, the Japanese, the Chinese -- all who got left picking up the crumbs.
Google wasn't the first search engine. It took the Silicon Valley company more than a decade to win over users and seize control of this market.
Copyright 2023 Creators Syndicate Inc.