The Boston Tea Party's warning for Facebook and Google

The recent surge of antitrust suits against tech giants points to a revival of a longstanding anti-monopoly tradition that goes back to the revolt against the East India Company

Antitrust suits against Big Tech could drag on for years in court and ultimately fail. But, the writer says, Facebook and Google shouldn’t ignore the popular forces gathering power against them: Americans have a long history of viewing monopolies as inherently dangerous, no matter what benefits they bring. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

(BLOOMBERG) - Back in November, it was possible to dismiss the Trump administration's antitrust suit against Google as too weak, too narrow and too late. But now more than 40 states - and the Federal Trade Commission - have filed suit against another tech giant: Facebook.

It seems unlikely to be the last major lawsuit against technology giants. Though these cases are ostensibly about antitrust violations, they are a sign of something bigger: the revival of a longstanding anti-monopoly tradition in the United States. This particular view of large, powerful corporations - as threats to the political order - has repeatedly played a significant role in the nation's history.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.