Big Tech Has Been Holding All the Cards for Too Long

I am grateful I'm no longer an owner of a small retail store because I simply don't know how I would have survived in today's environment. I'm not just talking about the crushing economic impact the pandemic has had on small businesses, but even before that, small retailers were getting snuffed out by behemoth online retailers like Amazon that are simply impossible to compete with. From Amazon's vast customer base to fast-and-free shipping, my little store would have been left in the dust. There's no question about it. And if I my store was still open today and I wanted to sell my products on Amazon's platform, I would be forced to comply with Amazon's pricing demands--demands that would no doubt benefit Amazon far more than my small business.

I am an entrepreneur at heart and don't like over-regulation, but the truth is our nation's antitrust laws are woefully outdated to address the unbalanced system Big Tech companies like Amazon have created. For too long, these Big Tech monopolies have been holding all the cards, leaving small businesses, worker and consumers behind. Thankfully, our lawmakers in Washington have an opportunity to do something about it!

In June, the House Judiciary Committee in Washington passed a bipartisan package of six-bills that takes a common sense approach to updating federal antitrust statutes so small businesses can better compete with Big Tech companies. The COVID-19 pandemic has already put millions of small businesses at risk of closing by the end of 2021—the House has the responsibility to stop Big Tech from endangering small businesses even further. It's time for our Representatives in Washington to act and pass the anti-trust bill package to break up Big Tech!