The Graham-Warren Plan to Kill Innovation
Politics,Joe Biden,Hunter Biden,Burisma,Ukraine,House Oversight And Accountability Committee
Sens. Lindsey Graham and Elizabeth Warren are teaming up to try to build something called the Digital Consumer Protection Commission—a new federal agency with the power to sue, write rules and even shut down internet platforms.
I’ve spent my life building technology companies—not in Big Tech, but taking on Big Tech through entrepreneurship and innovation. I invest in and engage in partnerships with hundreds of other entrepreneurs to build technology for America. The DCPC is a terrible idea.
Congress has considered such notions before, and both sides of the aisle have plenty of populist energy to go after Big Tech. As Americans know, Big Tech has flaws. Social-media platforms have policed speech based on viewpoint. Some large platforms’ power also is a concern. Apple uses its App Store to charge a 30% fee on app revenue while deciding which apps are available to the majority of U.S. consumers. But a Digital Consumer Protection Commission would be a disaster for tens of thousands of small and medium-size technology businesses—the beating heart of our innovation ecosystem.
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