To Encourage Competition In the Tech Space, Deregulate Finance

It's May Day, and in the pages of the New York Times appears a paean to the halcyon days of the 1930s, urging a return to the trust-busting of that era. The new targets of interventionist ire are not Robber Barons, but the Tech Titans like Facebook, Google (and its parent, Alphabet), and Apple. As in the past, however, the real solution to dominant companies has been insurgent innovative companies. Facebook displaced MySpace, Apple appears to have displaced Microsoft, and Google knocked off Yahoo after being founded by two immigrants maxing out their credit cards.