How Google and Amazon Got Away With Not Being Regulated

In the 1990s and 2000s, the web and the internet were new and everything was going to be different forever, and the chaos made it easy to think that bigness—the economics of scale—no longer really mattered in the new economy. After a decade of open chaos and easy market entry, something surprising did happen. A few firms—Google, Facebook, and Amazon—did not disappear. Unfortunately, antitrust law failed to notice that the 1990s were over. Instead, for a decade and counting, it gave the major tech players a pass—even when confronting fairly obvious dangers and anticompetitive mergers. 

If there is a sector more ripe for the reinvigoration of antitrust regulation, I do not know it.

[Tim Wu is a professor at Columbia Law School]