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
Jul 15, 2025 4:07 PM

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
Obamacare’s ‘Visiting Program’ or Violation Of Privacy?
The Gateway Pundit reports today that a provision in Obamacare’s Affordable Care Act allows for what the government is calling the “Maternal, Infant and Early Childhood Visiting Program.” What does this mean? The program is designed to award monetary grants to states that have “modest” home visiting programs currently, and would like to expand those programs. The goal, purportedly, is to increase the health of mothers and young children and things like “developing a family-centered approach to home-visiting.” es from...
Worry is a Poverty Trap
There’s some evidence that the distress associated with poverty, such as worry about where your next meal ing from, can create a negative feedback loop, leaving the poor with fewer non-material resources to leverage against poverty. In 2011, a study by Dean Spears of Princeton University associated poverty with reduced self-control. His empirical study attempted “to isolate the direction of causality from poverty to behavior,” resulting one possible explanation “that poverty, by making economic decision-making more difficult, depletes cognitive control.”...
Private Virtue and Public Speech
Sometimes we are not aware of the foolishness of our private speech until our words go public. This is one of the morals of the story of Philadelphia Eagle’s receiver Riley Cooper’s n-word slip. In a video taken at a Kenny Chesney concert in June, Cooper became frustrated that an African-American security guard would not allow him backstage. With a beer in his hand Cooper responded, “I will jump this fence and fight every n***ger here, bro.” Cooper’s gaffe serves...
Was ‘Little House on the Prairie’ a Libertarian Fable?
Was Laura Ingalls Wilder’s Little House on the Prairie series of children’s books written as an anti-New Deal fable? The Wilder family papers suggest they were: From the publication of the first book in 1932, the series was immediately popular. And, at a time when President Franklin D. Roosevelt was introducing the major federal initiatives of the New Deal and Social Security as a way out of the Depression, the Little House books lulled children to sleep with the opposite...
Chris ‘Ashton’ Kutcher on Opportunity as Hard Work
PowerBlog readers will be excused for missing this, as I suspect there are not many who frequent the MTV Teen Choice Awards. But don’t let your skepticism prevent you from watching this video of Ashton (really, “Christopher Ashton”) Kutcher’s acceptance speech, in which he exhorts the younger generation to get its hands dirty with hard work: “Opportunity looks a lot like hard work.” There are many connections to be made here with this insight, not least of which is with...
Work as Service at Wolfgang Puck Express
On a return trip from summer camp, Michael Hess’s young son was stuck at Chicago O’Hare airport on a four-hour layover. Having run out of his spending money, he soon grew hungry and called his Dad for help. His father’s mended solution: “go to any of the sit-down restaurants and ask if his dad could give them a credit card over the phone.” His son tried it, and everyone turned him down. “None would even try to figure out a...
How Does Your State Rank on Human Trafficking Laws?
Does your state have the basic legal framework in place bat human trafficking, punish trafficker, and supports survivors? The Polaris Project recently released their 2013 State Ratings on Human Trafficking Laws, which examines the progress states have made in passing legislation bat both labor and sex trafficking. According tothe report: 39 states passed new laws to fight human trafficking in the past yearAs of July 31, 2013, 32 states are now rated in Tier 1 (7+ points), up from 21...
Explainer: What’s Going on in Egypt?
Hundreds of supporters of ousted Egyptian president Mohamed Morsi were killed in Cairo this week by Egyptian security forces. The protestors, mostly members of the Muslim Brotherhood, responded by destroying Coptic Christian churches throughout the country. Here’s what you should know about what’s going on in Egypt. What is the Muslim Brotherhood? The Muslim Brotherhood, begun in 1928, is Egypt’s oldest and largest Islamist organization. Founded by Hassan al-Banna, the Muslim Brotherhood – or al-Ikhwan al-Muslimun in Arabic – has...
Virtuous Bribery? Care for Prisoners in the Early Church
St. Ignatius of Antioch was martyred at the jaws of wild beasts in the Roman colosseum sometime around 110 AD. In her historical study of wealth and poverty in the early Church, Loving the Poor, Saving the Rich, Helen Rhee offers the following interesting historical tidbit with regards to how early Christians were able to minister to their imprisoned brothers and sisters who awaited martyrdom: Bribing the prison guards, which must have cost a certain amount, features frequently enough in...
Interview: George Gilder on ‘Knowledge and Power’
At , Jerry Bowyer interviews George Gilder on his new book Knowledge and Power (HT: AOI Observer). The long Q&A, titled “George Gilder Has A Very Big, Economy Boosting Idea” is very much worth a read. Here’s a snip: Jerry: “So the market system is the operating system at best, but it’s not the user. That the entrepreneur uses an operating system called the market economy: there’s hardware to it, there’re rails and canals and buildings and factories; there’s software...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved