Are tech titans crushing competition, or is it Washington?

[Commentary] Liberal economists recently have begun to worry about industry concentration and market power. Some conservatives may even distrust these firms for their aggressive efforts over the last decade to push the Federal Communications Commission to regulate broadband and wireless network firms, better known as the “net neutrality” wars.

But turning against these titans of American innovation would be foolhardy for consumers, workers, and for the US economy. The best way to regulate the size, behavior, and prices of technology’s titans is by removing the obstacles to vibrant entrepreneurship, thus allowing the next Google or Amazon to challenge, displace, or transcend today’s titans.

[Bret Swanson is president of Entropy Economics LLC.]