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"Robert Reich: Here’s why we need to break up Big Tech

They are the leaders of a second Gilded Age – ushered in by semiconductors, software and the internet – which has spawned a handful of hi-tech behemoths and crushed competition.

Facebook, Amazon, Google, Apple, and Microsoft now have the highest market values for all public corporations in America.

As of today, only three countries in the world have a GDP higher than these companies’ combined market value of approximately 4 trillion dollars."

AnonySchmoose 8 July 4
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2

It is not just big tech. It is all the huge global companies that need breaking up including the arms companies, big pharma and those who control the money supply.

CeliaVL Level 7 July 5, 2019
1

A friend of mine who has more expertise on economics than me told me that breaking up Google or Amazon won't help, just as breaking up Standard Oil 100 years ago did create a bunch of corporations without solving the problem of market power

Matias Level 8 July 5, 2019

The question of whether monopolies are good or bad is a provocative one.
"AskProf.Wolff: Are monopolies good for competition?"

2

Break up all the monopolies! Tear down the socialist systems. People over profits! My Farce of July thoughts for the day 😄

Bobbyzen Level 8 July 4, 2019

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