What Should We Do About The Big Tech Monopolies?

In this essay, I pursue two paths. In the first, I revisit the beginnings of U.S. antitrust law to emphasize that that law has long had a policy of permitting firms to grow organically into dominant market positions. The Sherman Act created an anti-trust policy, not a broad anti-monopoly policy. And that remained true even as U.S. antitrust law moved in 1914 to supplement the Sherman Act with The Federal Trade Commission Act and The Clayton Act. I then turn to the second path. The history descri