Should we dumb down tech?

[Commentary] Are tech firms too smart? Some people seem to think so, and their proposed restrictions on tech companies could hurt customers. The questions of whether and how tech firms should be allowed to leverage their knowledge are at the core of some recent regulatory proposals, which I describe below. The proponents of more regulations appear to believe that the world would be a better place if tech companies benefitted less from what they know. My concern here isn’t with privacy issues, but with at least three erroneous beliefs underlying these proposals:
Belief 1: The race for knowledge is bad for competition
Belief 2: What you know belongs to others
Belief 3: All “innovations” should be promoted identically

[Mark Jamison is the director and Gunter Professor of the Public Utility Research Center at the University of Florida’s Warrington College of Business, was a member of the Trump FCC Transition team]