One of the most profound aspects of Europe’s new Digital Markets Act is that it’s the first antitrust law to try to ward off future abuses by Big Tech, rather than limiting enforcers to punishing companies for abuses that they’ve already perpetrated.
Identifying potential miscreants and giving them clear ground rules, with swift comeback when those rules are broken, is an approach born of the frustrations that regulators have experienced when scrambling to keep up with the sector’s move-fast-and-break-things approach. And now India—the world’s most populous nation—may take much the same approach thanks to a recently proposed government bill.
