The current leaders in Washington D.C seem to believe that business is like the creation story in the Bible. Their theory, at least judging by their public policy solutions, is that businesses are just magically created out of the ether, and at creation are either failures, mildly successful, or monopolies. This mistaken view of commerce is increasingly revealing itself through poor legislative proposals.
For instance, there has been a recent spate of bad bills attacking so-called “Big Tech”, but there has been very little talk about how these changes will affect the next generation of innovators. Sen. Amy Klobuchar’s (D-Min.) S. 2992 would put an end to Amazon’s Prime service by restricting several of the business practices that make Prime possible. These restrictions would prevent Amazon from guaranteeing two-day delivery for products bought from a third-party seller. This would be bad for Amazon, but that isn’t the real issue. The real problem is that small companies that use the Prime program in order to deliver their products to households around the country will lose that ability, thus making it harder for these companies to attract new consumers and grow their business.
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