The Doctrine of Moral Hazard

When it comes to self-preferencing, right wing economists are right: incentives matter.

A referee in a striped jersey extends his arm to make a call; perched upon his arm is a vintage newspaper political cartoon of Roosevelt as a trustbuster, swinging a club.

Last week, the House Judiciary Committee spent 23 hours debating a historically unprecedented package of tech competition bills, surprising observers by passing all six of the legislative proposals under consideration, with bipartisan support.

Each of the six bills is interesting in its own waysβ€Šβ€”β€Šfor example, the ACCESS Act (HR 6487) uses interoperability and standards to reduce the costs we bear when we leave monopoly platforms behind, by letting us stay in touch with the friends who stay.

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Pluralistic: 16 Jun 2021


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