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
Mar 14, 2026 4:54 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
Dave Chappelle is the greatest comedian in America. Just ask him.
The transgressive stand-up is back with another Netflix special, this time lecturing high school kids on the power of family and education. But is it funny? Read More… The edian America has produced in the post–Cold War era is Dave Chappelle, and if you listen to his new Netflix show, What’s in a Name: Speech at Duke Ellington School of the Arts, he’ll tell you that himself. I suppose it’s not bragging if it’s true, but it’s unusual for celebrities...
After Boris: More of the same or a different direction?
Of the two Conservative Party candidates poised to replace Boris Johnson as prime minister, neither seems particularly, or at least consistently, conservative. Read More… We’re down to the final two candidates: Liz Truss and Rishi Sunak. The next prime minister of the United Kingdom with be either our third female premier (all Conservative) or the nation’s first ethnic Indian (and Hindu) leader. Unlike the U.S. president, the British prime minister is not directly elected. The PM is whoever mand a...
Abolishing blasphemy laws in Pakistan will lead to more violence
While religious freedom is the ultimate goal in Pakistan and other Muslim-majority countries, singling out blasphemy laws as the problem will only impede the spread of democracy and usher in an unintended violent backlash. Read More… Blasphemy laws pose a real challenge to religious liberty and democracy in several Muslim-majority countries, with 32 nations criminalizing blasphemy; in Iran, Pakistan, Afghanistan, Brunei, Mauritania, and Saudi Arabia, it is punishable by death. In Pakistan alone, according to the National Commission for Justice...
Father Stu shows us strength in weakness
The film, starring Mark Wahlberg and Mel Gibson, is based on the true story of a boxer turned priest and explores how humility is the price you must sometimes pay for success. Read More… This past spring, movie theatres saw the premier of Father Stu, a Sony Pictures film starring Mark Wahlberg as Father Stu and co-starring Mel Gibson as his father. The film is based on the true story of Stuart Long, an amateur boxer from Montana who found...
What’s the point of working anymore?
Whatever the reasons behind “The Great Resignation,” Gen Z must keep in mind that we were designed to work, to produce, to create. Read More… Is there any value to work in today’s world? This is a question that many in Generation Z find themselves asking. I started working at a very young age. By 12 years old, I already had two part-time jobs plus a side business of my own. At age 11, I started mowing lawns and doing...
Betsy DeVos wants to shut down the Department of Education
She’s not the first Republican to want to do away with the DoE, and with good reason. But as with all deeply entrenched bureaucracies, it may no longer be possible. Read More… Betsy DeVos thinks the Department of Education “should not exist.” She’s not the first secretary of education we’ve had who understood her central purpose to be the dissolution of the agency of which she was in charge (until she resigned on January 7, 2021). Ronald Reagan famously pledged...
Expanding the welfare state in Africa is a threat, not a help
Traditional family values, a strong work ethic, and an informal economy have until now stood in the way of a creating a social-security scheme for most African nations. A new agenda aims to change that. What Africa needs instead are those good intentions wedded to sound economics. Read More… While bilateral and multilateral talks are hitting impasses around much of the globe, “Agenda 2063: The Africa We Want” is a continental agreement that breaks the mold. For all its lofty...
A Reply to David Brooks: Don’t apologize for capitalism
New York Times columnist David Brooks recently admitted to having significant doubts about capitalism, owing to growing wealth inequality. But is greater government intervention the answer, or the problem? Read More… In recent weeks, the New York Times has been running opinion pieces in which various columnists expound on a topic about which they have changed their views. On July 21 it was David Brooks’ turn to lay out his mea culpa. The subject turned out to be capitalism, or...
Regulations worsened the baby formula shortage
Had U.S. baby formula producers not been protected from petition, there would have been many more options available to parents when one lab became contaminated. And a 70-year-old wartime act would have remained a trivia question. Read More… The world is an economics classroom if we allow ourselves to learn from it. Every day we’re bombarded with puzzles that the economic way of thinking can help solve. One of the more recent examples of this is the infant-formula shortagethat plagued...
The union movement was anti-black from the beginning
By pitting one group of workers against another, unionization was able to gain ground while also setting the groundwork for the deleterious effects of the welfare state on the black family. The takeaway: Prosperity does not have to be a zero-sum game. Read More… The process of industrialization upended traditional ways of life that undoubtedly caused fear and doubt. It’s no surprise that some workers destroyed machinery in fear of lost work (the Luddites) or that workers banded together to...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved