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Break up Big Tech?
RaceBannon
Member, Swaye's Wigwam Posts: 101,258
in Tug Tavern
https://huffpost.com/entry/elizabeth-warren-amazon-google-facebook_n_5c827b6ae4b0d93616273346
en. Elizabeth Warren (D-Mass.) unveiled a plan Friday morning to promote competition in the tech sector by breaking up tech giants including Amazon, Google and Facebook.
“Today’s big tech companies have too much power ― too much power over our economy, our society, and our democracy. They’ve bulldozed competition, used our private information for profit, and tilted the playing field against everyone else,” Warren wrote in a post published on Medium.
“I want a government that makes sure everybody ― even the biggest and most powerful companies in America ― plays by the rules. And I want to make sure that the next generation of great American tech companies can flourish,” she continued. “To do that, we need to stop this generation of big tech companies from throwing around their political power to shape the rules in their favor and throwing around their economic power to snuff out or buy up every potential competitor.”
Warren is proposing “two major steps,” she said. The first would be passing legislation that designates certain large tech platforms as utilities that “would be prohibited from owning both the platform utility and any participants on that platform.” The second would be appointing regulators that would “unwind anti-competitive mergers,” like Amazon and Whole Foods, and Facebook and Instagram.
Interesting because big tech is on the left and works to her advantage. Props for taking a stand that could work against her I guess
The Feds broke up Standard Oil, Ma Bell among others so there is precedent but I'm not ready to abandon the free market on this just yet
@oregonblitzkrieg
en. Elizabeth Warren (D-Mass.) unveiled a plan Friday morning to promote competition in the tech sector by breaking up tech giants including Amazon, Google and Facebook.
“Today’s big tech companies have too much power ― too much power over our economy, our society, and our democracy. They’ve bulldozed competition, used our private information for profit, and tilted the playing field against everyone else,” Warren wrote in a post published on Medium.
“I want a government that makes sure everybody ― even the biggest and most powerful companies in America ― plays by the rules. And I want to make sure that the next generation of great American tech companies can flourish,” she continued. “To do that, we need to stop this generation of big tech companies from throwing around their political power to shape the rules in their favor and throwing around their economic power to snuff out or buy up every potential competitor.”
Warren is proposing “two major steps,” she said. The first would be passing legislation that designates certain large tech platforms as utilities that “would be prohibited from owning both the platform utility and any participants on that platform.” The second would be appointing regulators that would “unwind anti-competitive mergers,” like Amazon and Whole Foods, and Facebook and Instagram.
Interesting because big tech is on the left and works to her advantage. Props for taking a stand that could work against her I guess
The Feds broke up Standard Oil, Ma Bell among others so there is precedent but I'm not ready to abandon the free market on this just yet
@oregonblitzkrieg
Comments
The reason to break up companies is because no competition leads to higher prices and no innovation. We still have competitive prices and tons of innovation.
Supports single-payer healthcare.
What's your poont?
A private monopoly may be highly efficient and provide a good value to the customer, but the price we pay may also be measured in the suppression of competition by other innovators. Innovation being a hallmark of capitalism, you must agree that suppressing innovation isn’t good for our society.