A Threat to American Tech Innovation: The European Union’s Digital Markets Act

by Jake Morabito

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The European Parliament recently approved the Digital Markets Act (DMA), a new set of sweeping regulations governing technology policy within the European Union (EU) bloc. While European lawmakers may have had admirable intentions to “promote fairness,” “ensure transparency and accountability of online platforms,” and “ensure user safety,” this heavy-handed regulatory regime will have drastic consequences on Europe’s technology sector for years to come and should not be emulated in the United States. American policymakers should instead pursue free market policies that will encourage the next wave of tech innovation and new economic growth as emerging technologies come online. The free market must guide the U.S. digital economy’s next phase.