The big players absorbing the competition does hinder innovation, so there are some good points in there about reversing tech mergers.
Here’s what won’t change: You’ll still be able to go on Google and search like you do today. You’ll still be able to go on Amazon and find 30 different coffee machines that you can get delivered to your house in two days. You’ll still be able to go on Facebook and see how your old friend from school is doing.
Here’s what will change: Small businesses would have a fair shot to sell their products on Amazon without the fear of Amazon pushing them out of business. Google couldn’t smother competitors by demoting their products on Google Search. Facebook would face real pressure from Instagram and WhatsApp to improve the user experience and protect our privacy. Tech entrepreneurs would have a fighting chance to compete against the tech giants.
While I think antitrust laws have been neutered over the last 50 years, I don’t think this is the particular way to “go after” the oligarchy of technology. Besides, a President can’t ultimately force legislation as Congress needs to pass it and it likely won’t happen. Too many $$$ at work for that. Executive orders likely wouldn’t apply and would be overridden anyway.
The answer is simple: enforce current antitrust laws and stop allowing mergers that go against them. Genie is already out of the bottle, though, and there is little gumption left in government to address real issues. Hasn’t been for decades.
Ok... how?
This would just get wound up courts for decades.
Pocahontas wasn't the chiefDear Elizabeth Warren,
This ain’t it chief
Not as looney as her colleagues. Yikes. Look at AOC.She strikes me as a little looney. (Not that DT is any better.) I hate politics.
Indeed.Big business or big government? At least consumers have a choice about one of them.
Doesn't she have another awkward beer to drink?