Elisabeth Warren is right- We must break up facebook Google and Amazon (3…
Elisabeth Warren is right- We must break up facebook Google and Amazon
to break them up
information : ind channels without a centralized platform
startups could flourish.
to respond as forcefully as we did the first time around
The combined wealth of Monopolies
Monopolies aren’t good for anyone
robber barons : generous philanthropists
larger than the combined wealth of the bottom 1/2 usa population.
A wealth tax
3.privilèges/ frauds :
amazon : paid nothing in federal taxes
policing content and overseeing products and services.
holding an auction
What to do? : should be regulated like utilities or common carriers
back down on a plan to tax big corporations
justifying Google’s market dominance.
The New America Foundation / financing of professors
Facebook withheld evidence
more comprehensive data
Zuckerberg : plan to “encrypt” personal information
2.The current effort is bipartisan
new job-creating : has halved since 2004.
fcb’s purchases of WhatsApp and Insta
own services and content
Google : search engine
90% of all internet searches = google
control : rival publishers
digital ads : fcb and google
sell any item at a lower price
first step : news (93% receive news online)
amazon : stifle innovation
seeking to buy anything
1.The titans of the new Gilded Age
must be busted
same answer : bust up the monopolies.
bust up giants : Facebook,..
new set of barons/ handful of hi-tech behemoths
America’s first Gilded Age :19th c
second Gilded Age
innovations : railroads,..