Home
/
RELIGION & LIBERTY ONLINE
/
Government regulation of the market is more to be feared than Amazon or Google
Government regulation of the market is more to be feared than Amazon or Google
Jan 13, 2026 4:01 AM

A new bipartisan bill in the Senate aims to rein in supposedly monopolistic and unfair business practices. But it will only petition in the long run and hurt the very consumers it’s intended to help.

Read More…

The popular view of the recent NBA Finals is that the Boston Celtics and Golden State peted for the title of best team. The nation’s best basketball players traded points, victories, and fouls on the way to the Warriors pulling off the final victory.

The truth is more cynical: The NBA has unethically created a vertically integrated league that puts everything from popcorn and chairs to players and stadiums under the control of a single entity. This has prevented any petition to the NBA for a half-century and has resulted in players and owners making billions of dollars off consumers.

Of course, consumers could buy elsewhere—other sports or nonsport activities, high school or college games, or pickup basketball. That’s what I believe as a free-market economist and former college basketball player.

But a bipartisan group of U.S. senators disagree. Ranging from conservative populist Josh Hawley to liberal DemocratAmy Klobuchar, they don’t think consumers are smart enough to make their own choices. And so they’ve introduced theAmerican Innovation and Choice Online Act, which is intended to panies’ ability to create efficiencies through bringing disparate parts of their supply chain under pany umbrella—known in corporate circles as “vertical integration.”

Ironically, Klobuchar and Hawley are pretending to bravely stand up for consumers who buy panies like Amazon, one of the world’s most panies. But if that was their real goal, they’d target the NBA and other panies that have just as much control over their supply chain … but don’t draw as much controversy among the political class.

As Senator Rand Paul (R-KY) noted earlier this month, this misguided bill will actually petition. Hundreds of millions of consumers prefer Amazon and Google over petitors because they’re better at offering the same or improved services. And while I share Paul’s distaste for panies’ one-sided political biases and censorship, I fear the empowering of the government’s biases and censorship even more. In fact, The Hill reported on June 15 that liberal senators have pressured Klobuchar into saying she’s open to the bill allowing censorship of conservative speech online.

Over and over, government regulations have been found to decrease, not petition. A 2015 Harvard study found that “an plex and uncoordinated regulatory system has created an uneven regulatory playing field” that played a key role in shrinking the role munity banks and increased the power of big banks.

As Washington Examiner columnist and American Enterprise Institute senior fellow Tim Carney said in an email, heavier regulations benefit established market players. “The big guys can afford the added overhead, hire the best lobbyists, and hire the regulators to be their lawyers,” wrote Carney. “Big government is a home game for Big Banks. Dodd-Frank crimped the Big Banks’ style a bit, but more importantly, it served to widen the moat between the Big Banks and their petitors. In that regard, it harmed consumers petitors to the benefit of the giants.”

Likewise, minimum wage laws give retail powerhouses like Walmart more market control, not less, because their petitors can’t keep up with rising costs. And it was the taxi industry that benefited for decades from regulations that Uber has fought to circumvent.

Unfortunately, evidence and rationality don’t seem to have much sway in Washington, D.C.’s view petition and consumer choice. Baron Public Affairsreportsthat antitrust momentum is with the left—members of Congress, top government officials, and others are most influenced by liberal academics and intellectuals whose point of view is that government should be more active in “protecting” consumers from making free economic choices.

All of which brings us back to the NBA. I’m a short guy whose basketball skills peaked as a guard at a small Catholic college. I never made it to the pros because the NBA has made it impossible for people like me pete against taller, more skilled players who were trained in top college programs. That may actually be the NBA’s biggest advantage over petition—a taxpayer-funded feeder network called the U.S. college system.

And therein lies the Klobuchar-Hawley solution: Politicians should prevent top college prospects from merging their talent with the NBA, which only increases the league’s market dominance.

Isn’t that absurd? Of course, it is. I can spend my whole plaining and stomping my feet, ranting on Twitter about NBA fans making free choices to spend billions on the league and asking politicians to interfere.

Or I can be rational and recognize that basketball fans receive more value by watching higher-skilled players.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Market Economies with Churches and Market Economies without Churches
Zhao Xiao, a government economist in China, on the differences between market economies with Churches (like the U.S.) and market economies without churches (like China): Is it not integrity that you are pursuing? Then you ought to know: places with faith have more integrity. For China’s crawling economic reforms, this ought to be an important inspiration. Market economies with churches are different in another respect from those without: in the former, it is much easier to establish monly respected system....
On Call Through Video
We are continuing to interview people in different areas of work to showcase what being On Call in Culture looks like on a daily basis. Today we introduce Rachel Bastarache Bogan, video editor for SIM. Learn more about Rachel at As a child, Rachel was surrounded by creativity including music and painting. Her favorite gift was a “box full of opportunity” that someone had filled with random knick knacks from a craft store. When she was five years old, she...
Musings for Good Friday
A marvellous and mighty paradox has thus occurred, for the death which they thought to inflict on Him as dishonour and disgrace has e the glorious monument to death’s defeat. ~ Athanasius, On the Incarnation of the Word. Job in the Old Testament called out to God begging for a mediator or advocate, begging for somebody who could understand the depth of his affliction and agony (Job 9). Such is the beauty of Christ that he came not to teach...
Events of Note Next Week
Here are some events worth noting next week: On Wednesday, April 11, Victor Claar will join us for an Acton on Tap. Victor Claar is a professor of economics at Henderson State University in Arkansas, and previously taught for a number of years at Hope College. I’ll be introducing Victor and the topic for the evening, “Envy: Socialism’s Deadly Sin.” We’ll begin to mingle at 6pm, and the talk mence at 6:30, followed by what’s sure to be some lively...
Rev. Sirico Responds to NPR’s ‘Christian Is Not Synonymous With Conservative’
Jon Erwin, director of the pro-life October Baby movie, was recently interviewed by National Public Radio and, in the background article that panied the audio, the network reported his view that Christians didn’t feel very e in Hollywood’s munity. This provoked a lot ment by NPR listeners about what, really, a Christian is. The title of the NPR article, “‘October Baby’ Tells A Story Hollywood Wouldn’t” probably had something to do with that. Ombudsman Edward Schumacher-Matos followed up the interview...
Jayabalan: Vatican Statement Shows Business and Faith Compatible
Reporter Carol Glatz of the Catholic News Service has a story on the new Vatican document titled “Vocation of the Business Leader: A Reflection” aimed at educators, entrepreneurs and business people. Glatz interviews Kishore Jayabalan, director of Acton’s Rome office, who praised the document for its pastoral approach: “It’s trying to encourage and inspire business people” and prompt them to “think about how to incorporate their faith more into what they do,” Jayabalan told Catholic News Service. It shows that...
Consumers Acting Badly
I found this video on NPR’s ‘Planet Money’ intriguing. A young woman reflects on the cost of her wedding dress, which she’s obviously worn once. She recognizes that there is enormous emotional attachment to this garment, but there is something going on in terms of how much she spent; she just can’t quite put her finger on it. She eventually finds out that she probably over-paid by about $1200. She believes she has been ripped off. There are a few...
Commentary: Leviathan, Civil Society and National Morality
Don’t blame the culture wars for the recent debates about contraception, says Phillip W. De Vous in this week’s Acton Commentary (published Apr. 4), the real culprit is statism.The full text of his essay follows. Subscribe to the free, weeklyActon News & Commentaryand other publicationshere. Leviathan, Civil Society and National Morality byPhillip W. De Vous Political campaigns in every era have included talk of morality and moral principles in general. They rarely shy away from discussing even very specific moral...
Jimmy Carter, Liberation Theologian
I came across this news story via Catholic World News. And this intriguing passage about President Carter’s disagreements with Pope John Paul II: Carter wrote that he exchanged harsh words with the late Pope John Paul II during a state visit over what Carter classified as the Pope’s “perpetuation of the subservience of women.” He added, “there was more harshness when we turned to the subject of ‘liberation theology’.” I haven’t read the book, so I’m awfully curious to know...
Who Keeps the Keepers?
Sam Gregg’s response to President Obama’s latest invocation of the “my brother’s keeper” motif brings out one of the basic problems with applying this biblical question to public policy. As Gregg points out, the logic of the president’s usage points to the government as the institution of brotherly love: But who is the “I” that President Obama has in mind? Looking carefully at his speech, it’s most certainly not the free associations munities that Alexis de Tocqueville thought made 19th-century...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved