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Thread: Sen. Elizabeth Warren pushes to break up big tech companies like Amazon and Facebook

  1. #1

    Sen. Elizabeth Warren pushes to break up big tech companies like Amazon and Facebook

    Apparently it's not only Right-Wing Extremists like yours truly
    who believe that these companies have gotten too big and need to be
    brought to heel.

    https://www.cnbc.com/2019/03/08/eliz...-facebook.html

  2. #2
    Quote Originally Posted by FreddyE1977 View Post
    Apparently it's not only Right-Wing Extremists like yours truly
    who believe that these companies have gotten too big and need to be
    brought to heel.
    Any political scientist will tell you that the political spectrum isn't a continuum, but a circle. The further you go in either direction, the closer they become.

    You can already see the battle that's going on between Amazon and the city of New York. Rep AOC is also against Amazon. In the past, Republicans used to take the side of big business. That party doesn't exist any more. The extreme far right has a lot of common ground with the far left and the socialists. They both hate big business and ultimately believe in governmental control.

  3. #3
    Quote Originally Posted by TheBigA View Post
    Any political scientist will tell you that the political spectrum isn't a continuum, but a circle. The further you go in either direction, the closer they become.

    You can already see the battle that's going on between Amazon and the city of New York. Rep AOC is also against Amazon. In the past, Republicans used to take the side of big business. That party doesn't exist any more. The extreme far right has a lot of common ground with the far left and the socialists. They both hate big business and ultimately believe in governmental control.
    Which is why Germany's National Socialist Party had "socialist" right in its name but was intractably opposed to the type of socialism posited by Marx and put into practice by Lenin as communism. Both parties were totalitarian. The only difference was the sorts of people they felt they had to kill off as poisonous to their ideal society.

  4. #4
    Quote Originally Posted by CTListener View Post
    The only difference was the sorts of people they felt they had to kill off as poisonous to their ideal society.
    The bad news is if you empower the justice department to investigate rich and powerful companies, and the president happens to own such a company, it inevitably leads the justice department to bring down the president. It's the legal version of what happens if you empower the military. You end up with a military coup. The interesting thing here is the cabinet is mainly made up of rich billionaire businessmen. The Secretary of Defense might come under investigation by the DOJ. Then what happens?

  5. #5

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    How will that work though given that once a company like Google aka Alphabet Holdings, Amazon, Facebook, Apple, Microsoft, IAC and Twitter get seen as "too big" though.

    I remember back in the dot com boom of 1999-2000 everybody thought at the time that Yahoo and AOL were too big as Tech companies though until they got hit by the recession and got hit by a series of security issues at the time until Facebook, Twitter, Google took their places though.

    You need a recession to take down facebook, twitter, amazon and Google if we see them as having too much power.

  6. #6
    Quote Originally Posted by RadioPatrol View Post
    You need a recession to take down facebook, twitter, amazon and Google if we see them as having too much power.
    The difference is the left is concerned about economic power, and the far right is concerned about power of speech.

    The only reason the right is concerned about Amazon is the CEO happens to own a newspaper. No such concern about eBay.

    If he sold his interest in the paper, it would save the company. Just as if AT&T sold CNN, they'd be fine.

  7. #7
    Here's more on Warren's point of view:

    https://abcnews.go.com/Politics/2020...ry?id=61555895

    What politicians don't consider is how their politics can unknowingly hurt innocent people, by inadvertently causing stock that's part of a retirement plan to drop. Just today, Amazon stock fell by $5. A lot of 401Ks and pension plans are heavily invested in something called FAANG. You can imagine what those letters stand for. If this country is moving away from traditional company-funded pensions, and if conservatives are looking to cut social security, they can't also attack profit making companies that their voters are now using as replacements for pensions and social security. That's an easy way to give votes to other candidates.

  8. #8
    Given that AMZN stock trades for over $1600 a share, that $5 move today amounts to noise.

    I think there is a decent chance something like Senator Warren's plans will come to pass, eventually.
    "Its music what makes a radio station, and at Live FM, we play the last music around."
    After receiving that copy, I quit the VO industry.

  9. #9
    Quote Originally Posted by PTBoardOp94 View Post

    I think there is a decent chance something like Senator Warren's plans will come to pass, eventually.
    I just watched her interview on MSNBC and her plan sounds an awful lot like net neutrality, which Republicans repealed.

    The question people have to ask is who do they trust: Big business or big government. Because it's either one or the other. The third option is anarchy.

  10. #10
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    Quote Originally Posted by TheBigA View Post

    The question people have to ask is who do they trust: Big business or big government. Because it's either one or the other. The third option is anarchy.
    No, the third option is what the Libertarians propose. Limited government, but with limits on private enterprise as well. The pure philosophy is fiscal conservatism and liberal social policy.
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