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 28, 2026 8:07 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
TCC: Lessons in Liberty & Restraint
Dan Clements, an American student studying at the University of Leuven, and I help greet conference attendees Last week, an exciting new organization called the Transatlantic Christian Council(TCC) hosted its inaugural conference. The theme of the conference was “Sustaining Freedom”, which aligns well with the Council’s mission “todevelop a transatlantic public policy network of European and North American Christians and conservatives in order to promote the civic good, as understood within the Judeo-Christian tradition on which our societies are largely...
Federalist: Yes, There Will Be a Doctor Shortage
In my blog post yesterday about our statist healthcare system and the need for more economic freedom, I referenced a NYT piece by Scott Gottleib and Zeke Emmanuel and argued that if their rosy view of America’s healthcare future has any chance ing true, we’ll need far more economic freedom in the system than currently exists. Now Greg Scandlen has a sobering essay at the Federalist challenging the NYT piece, taking particular issue with their pointing to Massachusetts as a...
7 Great Books for Christmas
This short list of books is meant to avoid the obvious works one might find in a Christmas list. So I’ve omitted great works like A Christmas Carol by Charles Dickens. Charlie Brown Christmas (which I’ve included) is probably the only that would make the popular lists we often see because it’s so well known in our culture because of the television series that preceded the book. The works below all have a strong Christmas connection, even the military history...
Video: Is the Tea Party Catholic?
Acton Institute Director of Research Samuel Gregg sat down with Daniel McInerny, the Editor of the English edition of Aleteia, to discuss his latest book,Tea Party Catholic.McInerny and Gregg explore what Catholics should believe regarding limited government, free markets and capitalism. Check out Sam’s book here, and view the interview below. ...
Victor Claar to Discuss the Fair Trade Movement on ‘Stossel’
On Thursday at 9PM EST, Victor Claar will be a guest on “Stossel” on Fox Business. Claar and John Stossel will discuss fair trade coffee. Claar frequently lectures on the fair trade movement at Acton University and wrote, Fair Trade? It’s Prospects as a Poverty Solution. If you can’t catch the premier of the show, it will air again multiple times, including on Fox News at 10PM EST on Sunday, December 15. The full episode will also be available online...
Video: Sirico on Pope Francis and Income Inequality
Acton Institute President Rev. Robert A. Sirico stopped by the studios of today and spoke with host Joe Deaux about how Pope Francis differs from his predecessors in his approach to economic issues. The pope is emphasizing “human solidarity,” Sirico said. “He quoted Benedict by saying that globalization has brought us to be close, to be neighbors, but not to be brothers.” Achieving a sense of fraternity is the goal. We’ve embedded the video for you below. ...
Video: Sirico on The Kudlow Report
Last night, Acton Institute President Rev. Robert A. Sirico joined host Lawrence Kudlow andauthor Naomi Schaefer Riley on The Kudlow Report to discuss the selection of Pope Francis as Time Magazine’s Person of the Year, the effect he is having on the Catholic Church worldwide, and his views on economics and free markets. We’ve embedded the video of the interview from CNBC below. ...
In Praise of Slow Justice
Although the Slow Movement—a cultural shift toward slowing down life’s pace—began in the late 1980s, it has recently undergone a surge in popularity. Today there are numerous offshoots, including slow money, slow parenting, and slow journalism. While I’m not quite ready to give up fast food or fast media, I’m eager to align myself with what Robert Joustra calls “slow justice”: I’m trained to do slow justice. I do what Mike Gerson calls the banality of goodness. Slow, methodical, plodding,...
Conscience Is Key To Business, But Only The ‘Correct’ Kind
Business, we are told, is supposed to have a conscience to survive. For instance, Chad Brooks at Fox Business says that businesses have to be “socially conscience” in order to attract customers: Young consumers consider social responsibility most when shelling out big bucks for products such as puters, consumer electronics and jewelry, the study found. Specifically, more than 40 percent of consumers under 30 consider social issues when buying a big-ticket pared to just 34 percent who factor in those...
When it Comes to Economic Freedom, Where Does Your State Rank?
The Fraser Institute has released the ninth edition of their annual report on economic freedom in North America. The report considers how such factors as size of government, takings and discriminatory taxation, and labor market freedom affect people’s freedom to choose how to produce, sell, and use their own resources, while respecting others’ rights to do the same. Read the report and see where your state ranks. ...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved