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posted by takyon on Saturday March 09 2019, @12:12AM   Printer-friendly
from the monopoly-money dept.

CNet:

"Today's big tech companies have [too much power over] our economy, our society, and our democracy," wrote Warren in a blog post. "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 said that big tech companies use mergers to swallow competition and sell products on their own e-commerce platforms, which hurt smaller businesses' opportunities to succeed. Weak antitrust enforcement also resulted in "a dramatic reduction" in competition and innovation in the tech industry, according to Warren's blog post.

With conservative voices decrying Big Tech censorship, internet activists decrying privacy violations, and now Senator Warren calling for outright dismemberment, Big Tech might be in for a rocky stretch of road.


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  • (Score: 2) by RamiK on Saturday March 09 2019, @08:27PM

    by RamiK (1813) on Saturday March 09 2019, @08:27PM (#812119)

    I don't have a good solution for the problem.

    Campaign funds reform and an end to industry-to-capital hill-to-industry job rotation will sort most of it under two or three house terms. Once the tie that binds corrupt politicians and high ranking officials to lobbying groups and corporations is cut, the solutions will present themselves in the working committees. Just limit donations to $10000 per-individual and pass a law stating a regulator or advisor to a regulator body isn't allowed to work in the same industry or hold relevant stocks some 10 years after they leave government.

    Republicans... Democrats... Everything will sort itself out for the better once.

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