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The owner of X is just one of many who may prefer Donald Trump to greater
regulation under the Democrats
Way back in the 1960s “the personal is political” was a powerful slogan
capturing the reality of power dynamics within marriages. Today, an equally
meaningful slogan might be that “the technological is political”, to reflect the
way that a small number of global corporations have acquired political clout
within liberal democracies. If anyone doubted that, then the recent appearance
of Elon Musk alongside Donald Trump at a rally in Pennsylvania provided useful
confirmation of how technology has moved centre-stage in American politics. Musk
may be a manchild with a bad tweeting habit, but he also owns the company that
is providing internet connectivity to Ukrainian troops on the battlefield; and
his rocket has been chosen by Nasa to be the vehicle to land the next Americans
on the moon.
There was a time when the tech industry wasn’t much interested in politics. It
didn’t need to be because politics at the time wasn’t interested in it.
Accordingly, Google, Facebook, Microsoft, Amazon and Apple grew to their
gargantuan proportions in a remarkably permissive political environment. When
democratic governments were not being dazzled by the technology, they were
asleep at the wheel; and antitrust regulators had been captured by the
legalistic doctrine peddled by Robert Bork and his enablers in the University of
Chicago Law School – the doctrine that there was little wrong with corporate
dominance unless it was harming consumers. The test for harm was price-gouging,
and since Google’s and Facebook’s services were “free”, where was the harm,
exactly? And though Amazon’s products weren’t free, the company was ruthlessly
undercutting competitors’ prices and pandering to customers’ need for next-day
delivery. Again: where was the harm in that?
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