Commentary

If You Like How Big Government Runs the Post Office, You’ll Love How It Runs the Tech Industry

By Timothy H. Lee
Thursday, May 07 2009

America’s telecommunications sector has withstood the economic downturn remarkably well. In spite of this, or perhaps precisely because of this, it might be the next target of government overreach. As The Wall Street Journal noted this week, the tech sector has helped lift the markets from their recent troughs. Contrary to historical norms, no stock market sector has outperformed technology this year, including traditional consumer staples and health care, which typically withstand economic recessions better than other sectors. Bucking those patterns…

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