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Robert Reich: Warren is correct about busting up big tech [View all]
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Senator Elizabeth Warren announced Friday she wants to bust up giants like Facebook, Google, and Amazon
ROBERT REICH
MARCH 16, 2019 11:29AM (UTC)
This originally appeared on Robert Reich's blog.
Presidential hopeful Senator Elizabeth Warren announced Friday she wants to bust up giants like Facebook, Google, and Amazon.
America’s first Gilded Age began in the late nineteenth century with a raft of innovations – railroads, steel production, oil extraction – but culminated in mammoth trusts run by “robber barons” like JP Morgan, John D. Rockefeller, and William H.(“the public be damned”) Vanderbilt.
The answer then was to bust up the railroad, oil, and steel monopolies.
We’re now in a second Gilded Age — ushered in by semiconductors, software and the internet — which has spawned a handful of hi-tech behemoths and a new set of barons like Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, and Google’s Sergey Brin and Larry Page.
The answer now is the same: Bust up the monopolies.
FULL story: https://www.salon.com/2019/03/16/warren-is-correct-about-busting-up-big-tech_partner/
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