U.S. Tech Leaders are Nation’s “Crown Jewels,” Says CTA
July 29, 2020
Article Summary
The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA)®, regarding the House Judiciary Committee’s hearing on competition in the digital marketplace.
The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA)®, regarding the House Judiciary Committee’s hearing on competition in the digital marketplace:
“Competition is essential to what makes our great nation a global technology leader. The companies testifying today have ushered an era of vibrant innovation—they are our nation’s newest crown jewel companies and the envy of the world.
“History shows technology innovation is dynamic, consumer preferences change quickly, and leadership is tenuous. These American companies deliver immense value to our nation – from developing products that American consumers love, to bolstering a vibrant industry responsible for record levels of R&D, to offering solutions to the COVID-19 crisis. And as their market values grow, so does the wealth of everyday Americans who own their stock through retirement plans, pensions or stock purchases.
“To be clear, these are companies that perpetuate the pro-consumer, antitrust values that have fueled U.S. innovation leadership and will help lead us out of this recession.”
“Competition is essential to what makes our great nation a global technology leader. The companies testifying today have ushered an era of vibrant innovation—they are our nation’s newest crown jewel companies and the envy of the world.
“History shows technology innovation is dynamic, consumer preferences change quickly, and leadership is tenuous. These American companies deliver immense value to our nation – from developing products that American consumers love, to bolstering a vibrant industry responsible for record levels of R&D, to offering solutions to the COVID-19 crisis. And as their market values grow, so does the wealth of everyday Americans who own their stock through retirement plans, pensions or stock purchases.
“To be clear, these are companies that perpetuate the pro-consumer, antitrust values that have fueled U.S. innovation leadership and will help lead us out of this recession.”