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Project Syndicate: Has Big Tech gotten too big for our own good?

CAMBRIDGE, Mass. (Project Syndicate) — Have the tech giants — Amazon AMZN, +0.82% , Apple AAPL, +1.12% , Facebook FB, +1.56% , Google GOOG, +1.06% , and Microsoft MSFT, +1.42% — grown too big, rich, and powerful for regulators and politicians ever to take them on? The international investment community seems to think so, at least if sky-high tech valuations are any indication. But while that might be good news for the tech oligarchs, whether it is good for the economy is far from clear.

To be fair, the tech sector has been the United States’ economic pride and joy in recent decades, a seemingly endless wellspring of innovation.

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