I'm hearing a lot of people saying things like 'just breaking up Facebook won't solve the blah blah blah.' Yes, we know. Read more than a headline. Break up and regulate. Let's have multiple car companies. Let's also have seatbelt mandates. Break up and regulate.

The point of anti-monopoly policy is to shape markets to make us free. It isn't to break up companies. It isn't to deal with 'bad people.' It's to ensure that no one can concentrate power in ways that prevent individual liberty. That means public structuring of markets.

Saying 'just breaking up Facebook won't solve the problem' doesn't reflect being clever. It reflects profound ignorance about history and policy. Virtually no one has ever suggested just breaking up companies. We've been doing anti-monopolism for hundreds of years.