Commentary Big Tech has become too powerful and needs to be reformed, Republicans and Democrats agree. Even Facebook’s Mark Zuckerberg agrees. “At Facebook, we don’t think tech companies should be making so many decisions about these important issues alone,” he testified to Congress in October 2020. “We stand ready to work with Congress on what regulation could look like.” But should the reforms take the form of regulation? In asking for Facebook and the rest of the tech sector to be regulated, Zuckerberg is taking a leaf from the father of monopoly regulation in the United States, Samuel Insull, who to everyone’s shock more than a century ago demanded that government regulate his Chicago electric utility monopoly. Although other U.S. electric monopolies initially blanched at the thought, they soon came to see it as pure genius. Unrestrained by competition, the electric utilities became more dominant than ever. Working closely with …