Elizabeth Warren's call to break up Amazon, Facebook, and Alphabet could shine a harsh light on their businesses and change the terms of the debate.
. She wants to unwind their past mergers and split up other parts of their business to rein in their power and increase competition.to secure the Democratic Party nomination, much less win the 2020 election, so the tech firms aren't in immediate danger. But Jeff Bezos, Mark Zuckerberg, and Larry Page would be foolish to dismiss the threat she just unleashed.
Even if she's not elected president, Warren's move has increased the chance that the rulers of the tech universe are going to draw damaging fire, no matter who is.The tech industry has really never faced this kind of scrutiny. Yes, certain companies in the industry have faced antitrust actions, including Microsoft in the famous trial at the turn of the last century.
Part of the danger for the tech companies is what the bright light that Warren wants to shine on them is going to reveal about them — and how the public is going to react to what they see.For Facebook, we already have a good sense of this. The social networking company spent much of the last two years with a Klieg light shining on it.
Meanwhile, other corporations were much more guarded about doing business with Microsoft, not wanting to put themselves in the same beholden position as the PC makers in the 90s, where the software giant dictated all the terms of the relationship.Warren's trying to fundamentally change antitrust policy
But in recent years, a growing collection of academic experts on the left have pushing back against this focus on price. Such a limited lens ignores the broader harms caused by concentrated corporate power, they argue. Backed in many cases by extensive research, they contend that curtailed competition across a broad range of industries has
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