Antitrust action would sap the benefits top companies have brought to consumers and ordinary investors.

Wonder Land: After a pandemic, riots and everything else, the 2020 election has become a culture war between Biden and Trump. Image: Nathan Howard/Getty Images

By
Phil Gramm and

Jerry Ellig

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Despite the many troubles of 2020, Congress has made more time than ever this year to target a different purported threat: America’s tech giants. This month the Senate Antitrust Subcommittee will hold the latest of several recent hearings on the issue, with one on Google’s online advertising influence on Tuesday and another on general antitrust enforcement Sept. 30. Yet after all this sound and fury, will Congress actually dismember the goose that laid the golden egg? Antitrust action against leading U.S. tech companies would shrink American dominance of the world’s fastest-growing industry and imperil the enormous buildup…