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Democratic Primaries
Showing Original Post only (View all)Elizabeth Warren: 'It's Time to Break Up' Amazon, Facebook and Google [View all]
by Caleb Ecarma | Mar 8th, 2019, 10:29 am
Democratic presidential candidate Sen. Elizabeth Warren (D-MA) detailed her plan today to break up big tech companies namely, Amazon, Facebook, and Google as part of her 2020 platform.
The benefit of breaking up these massive, multibillion-dollar companies is to provide market space for smaller competitors and innovative start-ups, Warren argued. Todays big tech companies have too much power too much power over our economy, our society, and our democracy, she wrote in a Medium post. Theyve bulldozed competition, used our private information for profit, and tilted the playing field against everyone else. And in the process, they have hurt small businesses and stifled innovation.
Warren continued:
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. 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.
The big tech companies targeted by Warren make up roughly $2 trillion in market capitalization, which she believes allows them to control over the way we use the Internet to squash small businesses and innovation, and substitute their own financial interests for the broader interests of the American people.
more
https://www.mediaite.com/online/elizabeth-warren-its-time-to-break-up-amazon-facebook-and-google/
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
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Elizabeth Warren: 'It's Time to Break Up' Amazon, Facebook and Google [View all]
DonViejo
Mar 2019
OP
there's a peculiar gap in market capitalization between the 4th and 5th largest companies:
unblock
Mar 2019
#2
Not so sure about that. No one is being force to go on Google or Facebook or to purchase
Dream Girl
Mar 2019
#3
They used to say that about Ma Bell. You could buy any color phone you wanted...
Lochloosa
Mar 2019
#6
Utterly unsound comparison there. You didn't have any other service available to you than Bell.
Maru Kitteh
Mar 2019
#10
Agree. Tax the crap out of them, nail them on illegal anti union schemes and make them pay...
Hassin Bin Sober
Mar 2019
#13
Not defending facebook, but it's been useful to my fundraising for a small nonprofit.
femmedem
Mar 2019
#8
Ben and Jerry's should stop making Chunky Monkey because I love it too much!
Dream Girl
Mar 2019
#22
so smart. so experienced. so prepared. so eloquent. so quick on her feet.
SleeplessinSoCal
Mar 2019
#24
I have no issue with it being shut down/sued/etc, but the talk of it being like
ecstatic
Mar 2019
#30
Ridiculous. What happened to Senator Warren wanting to break up the big banks?
riverine
Mar 2019
#43