Today, NetChoice filed responses to the Federal Trade Commission’s (FTC) request for comments for upcoming workshops. NetChoice responded on several topics, such as “The Consumer Welfare Implications Associated with The Use of Algorithmic Decision Tools, Artificial Intelligence, and Predictive Analytics” and “Evaluating the Competitive Effects of Corporate Acquisitions and Mergers”. The full list of responses are supplied at the bottom of this statement.
“Contrary to the claims of anti-tech advocates, self-regulation is working. Consumers today have access to a smorgasbord of products, services, and information thanks to the internet,” said Steve DelBianco, president of NetChoice. “There is no dearth of competition. The market has never been more competitive.”
“Recent polling commissioned by NetChoice and conducted by Zogby Analytics shows that Americans prefer the status quo to heavy handed government regulation on issues like privacy and antitrust. Less than 5% of Americans believe that the government should most focus its anti-competitive enforcement on tech platforms.”
The detailed results of this polling will be released in the coming weeks. NetChoice’s comments focus on the various issues at hand with a limited government, free market approach.
“In our comments, we show that the FTC has ample tools to protect consumers from harm,” continued DelBianco. “The FTC should resist calls to expand its mandate beyond protecting consumers from harm. This could waste resources on efforts that would not actually enhance consumer protection in the U.S.”
NetChoice Response to FTC Request for Comments on The Identification and Measurement of Market Power and Entry Barriers, and The Evaluation of Collusive, Exclusionary, Or Predatory Conduct or Conduct That Violates the Consumer Protection Statutes Enforced by the FTC, In Markets Featuring “Platform” Businesses