Break up. What does that mean exactly?
Remember Anti-trust law? Brought in by the Republicans in the 1880s, when we started to have trouble with huge corporations forming into trusts, so that one company could own almost all the market? Named the Sherman Antitrust Act, after General Sherman. If it wasn't for that, we would have had one oil company-- Rockefeller's Standard Oil-- and one company controlling the prices, and you know when that happens, the price goes up. So we got the Seven Sisters, not Standard Oil. Later, we got away from the AT&T monopoly. Lots of regional carriers, and gosh, long distance rates came down to .10 a minute instead of dollars per minute.
To my mind, this action doesn't quite understand what the big 5 or so are doing. I'd be much more interested in clamping down on our digital data belonging to US, and that would mean Facebook and Google and the ISPs would have to ask our permission, once, if we would allow them to gather our information, and that for ad purposes, research purposes, etc., they could only sell anonymized data. I object much more to monetizing our profiles, so that some smart politician could buy a list of all people who are married, or preganant, left or right, gay or straight, etc. Because once they get data that good, it's Big Brother here we come.
See, Facebook "charges" for nothing. Would you pay a subscription to Facebook if you didn't want any data about you to be sold or used by Facebook to make money? I think I would. What if the only data they could sell would be anonymized by district, which is roughly the way that advertisers pay for tv ads.
I'm not quite on board with Warren's plan... yet. I think she's a little preoccupied with price and the old monopoly legislation. That's okay with Amazon, perhaps, Google maybe, but not much to do with why Facebook sucks.
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Putting the brakes on merger mania in the corporate world isn't all that radical. Guaranteed the majority of voters have concerns about the power of huge corporations.
Agreed. But I'd look at the old ISPs/broadcasters, and other factors. They're going to pass a bill to reinstate net neutrality, and I think what we'll have to do there is subsidize rural access to the Internet and reduce the connections between cable companies and ISPs. The whole idea of AT&T owning CNN, or Comcast owning NBC, or the ISPs selling the data we HAVE to give them, is repulsive.