CMA recommendations are “based on fear”, says Victoria Hewson
Dr Kristian Niemietz writes for CapX
Annabel Denham writes for The Telegraph
“The report acknowledges that Google and Facebook have been able to use GDPR to their advantage by excluding competitors from data and systems, but rather than considering if this regulation is working well for consumers they urge even stricter enforcement by the ICO and more layers of regulation.
“Instead of calling for ever greater distortions in competition and regulatory policy the CMA could more usefully have looked at the barriers to entry and expansion caused by legal, fiscal and regulatory interventions by government that have discouraged or held back competitors to Google and Facebook.
“The CMA claims a new regime is urgently needed because of the fast-moving, complex nature of this market – but that is exactly why a regulator would be unlikely to predict and plan how to improve such markets ex ante.”
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