America’s tech titans haven’t stymied innovation: They’ve enabled it

Two weeks ago, The New York Times ran an op-ed arguing that leading technology companies such as Google, Facebook, and Amazon have grown so big they must be regulated or broken up. The piece is just the latest bit of punditry to allege these companies are ripe for antitrust interventions, but Jonathan Taplin makes a particularly problematic assertion in the piece, arguing that "it is impossible to deny that Facebook, Google and Amazon have stymied innovation on a broad scale." Regardless of whether you believe these companies raise legitimate competition concerns, this broad assertion is fatally flawed and reveals a lack of understanding of why these companies have been so successful.