Elizabeth Warren: Break up Amazon, Google and Facebook

johnflesh

Former Staff
Feb 2007
24,650
17,169
Colorado
#1
https://www.cnn.com/2019/03/08/politics/elizabeth-warren-amazon-google-facebook/index.html

The far-reaching proposal would impose new rules on certain kinds of tech companies with $25 billion or more in annual revenue, forcing Amazon and Google to spin off parts of their companies and relinquish their overwhelming control over online commerce. The plan also aims to unwind some of the highest profile mergers in the industry, like the combinations of Amazon and Whole Foods, and Google and DoubleClick, as well as Facebook's acquisition of Instagram and WhatsApp.
The proposal from the Democratic presidential candidate is sure to rankle Silicon Valley executives and investors as well as opponents of government regulations, while drawing applause from progressive activists, consumer advocates and a range of lawmakers who have railed against what they see as unsustainable monopolies in the industry.
"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. And in the process, they have hurt small businesses and stifled innovation," Warren wrote in a Medium post about the proposal. "That's why my Administration will make big, structural changes to the tech sector to promote more competition—including breaking up Amazon, Facebook, and Google."
I agree and disagree with her.

These companies have used our private information for profit. Agreed, but f that is so wrong (it is) then why aren't we doing something about that specifically, now? And why is the remedy to that forcing companies to break up portions of themselves? That's a cop out without explanation.

I do not agree that these companies have bulldozed competition, however. Many people who sell on the internet use Amazon / Ebay for their own profits. Also, many of these companies have provided funds, invested and otherwise promoted smaller sellers, companies and innovation. Also, the internet is an open field, anyone worth their own effort can make a great living from eCommerce or eService related products - and if you want, you can run your business using Google Docs, which is free I might add.

And, many companies do just that despite behemoths.

This isn't about competition. If so, then tell me one company that is trying to compete with Amazon or WalMart and keeps swinging and missing. Any company attempting to do that doesn't have a great business model and doesn't understand the field. Furthermore it is possible to compete with these companies, Amazon and Google have reached their level because they were in competition with other companies and won.

I do not like government telling it's people that they cannot be too big. Monopoly is one thing, but this isn't that. The way this sounds it'd be like a wasteland of poor destitute internet users who can't find work while off in the distance there is this glowing beacon of capitalist nastiness called Amazon, taking all the jobs. That just isn't the case - at all.
 

johnflesh

Former Staff
Feb 2007
24,650
17,169
Colorado
#2
Also, Google has a knack for hiring contract companies to do certain work for them. However they also have a knack for buying up the best of those companies, usually those leading innovation.
 
Mar 2010
20,114
12,855
Indiana
#4
Too extreme for me to although I think the government is pretty much looking the other way on monopolies and oligopolies. As a small business ever increasing shipping rates are killing me, but UPS, Fedex, and USPS are pretty much the only game in town. There is a company in a few states the name of Spee Dee that charges half their rates but they're not moving in to my state. Rumor has it UPS lobbied my representatives to keep them out.
 
Likes: johnflesh
Jan 2019
694
214
Tempe, AZ
#5
Yikes! my son is a computer/software architecture specialist at an Amazon company. :oops:

The good news, is she has absolutely zero chance of her buffoonery materializing. :cool: