Facebook Trustbusters Are Motivated by Partisan Politics, Not Concern for the Consumer

Channeling the spirit of Theodore Roosevelt and nostalgia for the early 20th century Progressive Era, the latest bad idea being circulated in elite circles is to use the trust-busting power of the federal government to break up the social network Facebook. The idea has been promoted by the likes of Democratic politicians like senators Elizabeth Warren and Amy Klobuchar and also Republicans like Sen. Ted Cruz. Even Chris Hughes, an original Facebook co-founder, has hitched his wagon to the idea, as expressed in his now infamous New York Times op-ed. But let’s not kid ourselves. We’re not dealing with a […]