Wednesday, December 9, 2020

Anti-trust 2

 (cont'd from yesterday's post)

Congressman Cicilline is chair of the House Judiciary's subcommittee on Anti-Trust, Commercial, and Administrative Law. They released a 400+ page report claiming the tech companies violate anti-trust law. 

"Google, for instance, is effectively the only search engine in town, bolstering its own products in searches, downgrading those of competitors, and “extorting” companies that want to get seen by users."

Cicilline's opinion: "Simply put, they have too much power. This power staves off new forms of competition, creativity, and innovation . . Their dominance is killing the small businesses, manufacturing, and overall dynamism that are the engines of the American economy."

His solution: break them up. It remains to be seen whether Congress will agree.

photo

No comments:

Post a Comment