2020 Democratic presidential candidate Sen. Elizabeth Warren said she will break up large internet companies like Google, Facebook and Amazon.
Warren said this in a post that was published on Medium where she revealed in detail why she wants to dismember the big tech giants. Warren in her write-up said these companies are using their vast resources to shape the playing field and buy up potential competition.
Elizabeth Warren has develop two proposals which she will use to fight the tech lords. First would be to designate large tech platforms as “platform utilities.” “These companies would be prohibited from owning both the platform utility and any participants on that platform,”
Next, Warren proposes focusing on the reversal of tech mergers that she calls anti-competitive. The examples she provides are reversing Amazon’s acquisition of Whole Foods and Facebook’s purchase of Instagram, among others. These mergers and acquisitions, Warren says, illegally undermined competition.
When implemented, these changes would allow small businesses to compete with Amazon by selling their products on the company’s marketplace, without the fear that the company would drive them out of business. It would also encourage Facebook to respect its users’ privacy, and would prevent Google from down-ranking competitors’ search results on the company’s search engine.
Warren could hit the sky with this campaign strategy since it’s coming at a time when social media account privacy is making headlines and the general public are yearning for a leader who will handle the way these tech companies are affecting everyday lives with their preferred way of doing things.
The New York Times said, ”Bernie Sanders and Amy Klobuchar have both made comments about limiting these tech companies, while Kamala Harris has expressed privacy concerns but hasn’t spoken on specifically curbing influence. Cory Booker, meanwhile, is more comfortable with these large tech companies.”