Earlier this week, the U.S. government unveiled its long-awaited antitrust complaint against Apple. This followed previously unveiled antitrust cases against Meta (2020), Amazon (2023), and Google (2020), which are in different stages of playing out in court. There is one commonality found among the complaints: the U.S. government is struggling to get around the fact that Big Tech plays in competitive markets.

For the better part of the last decade, U.S. regulation…