Chamber of Commerce president warns against growing 'techlash'

Thomas Donohue, the president and CEO of the US Chamber of Commerce, warned against the growing skepticism of technology giants, arguing that the businesses are vital for growth and innovation. In his 2018 “State of American Business Address,” Donohue said it’s important not to overregulate an industry that is “improving people’s everyday lives.” “This is especially important as a backlash against major tech companies is gaining strength — both at home and abroad, and among consumers and governments alike,” he said, according to a transcript of his prepared remarks. “We must be careful that this 'techlash' doesn’t result in broad regulatory overreach that stifles innovation and stops positive advancements in their tracks.”