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Old 06-04-2019, 08:01 AM #1
Vlad_ Vlad_ is online now
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Default DISCUSS: Congress to launch antitrust investigation against big tech giants.

Quote:
Big tech faces antitrust crackdown from House Judiciary

While no companies are named, any investigation will inevitably touch on Amazon, Facebook, Google and Apple.



Congress will be taking a close look at the power of big tech.

The House Judiciary Committee announced Monday that it will hold a series of hearings as part of a bipartisan investigation into whether there is enough competition among U.S. technology companies.

While no companies were named, any investigation will inevitably touch on Amazon, Facebook, Google and Apple, all of which have come under increased scrutiny in recent years for their dominance in a variety of markets including social networking, online advertising, online search, e-commerce and mobile apps.

"A small number of dominant, unregulated platforms have extraordinary power over commerce, communication, and information online," the Judiciary Committee noted in a news release that included the names of both Democratic and Republican members. "Based on investigative reporting and oversight by international policymakers and enforcers, there are concerns that these platforms have the incentive and ability to harm the competitive process."

"The Antitrust Subcommittee will conduct a top-to-bottom review of the market power held by giant tech platforms. This is the first time Congress has undertaken an investigation into this behavior."

One area of the investigation is likely to be particularly unwelcome among tech executives: The committee said it would look into whether existing antitrust laws and enforcement levels are adequate to address the growing concentration of power in the tech industry.

"Given the growing tide of concentration and consolidation across our economy, it is vital that we investigate the current state of competition in digital markets and the health of the antitrust laws," committee Chairman Jerrold Nadler, D-N.Y., said in the announcement.

The news comes just as the federal government has reportedly been preparing to ramp up its antitrust oversight of U.S. tech companies amid growing political pressure that has included increasing scrutiny from both parties.
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Old 06-04-2019, 08:30 AM #2
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It's a complex issue, but when both parties agree that we need a government solution, it's almost guaranteed that the government will create more problems than they solve.
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Old 06-04-2019, 11:10 AM #3
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Originally Posted by 1bad65 View Post
It's a complex issue, but when both parties agree that we need a government solution, it's almost guaranteed that the government will create more problems than they solve.

It amuses me. There is no problem except government when it comes to competition. Anti-trust laws are an absolute joke.

Government to big tech: We need to regulate you.

Big tech: Sure, np. Let us come in and write those regulations.

Government: Ah isn't that sweet. Glad you are all in on the spirit of cooperation.

Big tech: We like to do our part.

All the while these regulations do the exact opposite of creating more competition. They create expensive barriers that make it increasingly more difficult for the small guy to get into the market. Government intervention in this regard helps the big guy, not the little guy.
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Old 06-04-2019, 11:15 AM #4
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Originally Posted by 1bad65 View Post
It's a complex issue, but when both parties agree that we need a government solution, it's almost guaranteed that the government will create more problems than they solve.


Reagan was always right when it came to government.

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Old 06-04-2019, 01:55 PM #5
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congress typically doesn't actually do **** after an investigation or hearing. dog and pony show.
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Old 06-04-2019, 05:30 PM #6
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Too bad consumers are either too dumb or amoral to simply launch effective boycotts of companies that spy on them, censor them, crush small businesses, start wars, etc. Gotta save $0.15.

At least use duckduckgo as a search engine, Gab for social media and switch to Brave browser. None will cost you anything.
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Old 06-04-2019, 08:58 PM #7
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They need to break up the tech monopolies that are forming as well as the media monopolies.

As well as all the banks that were "too big to fail."

Too much power is being concentrated into too few hands.
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Old 06-04-2019, 09:19 PM #8
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Quote:
Originally Posted by //// View Post
Too bad consumers are either too dumb or amoral to simply launch effective boycotts of companies that spy on them, censor them, crush small businesses, start wars, etc. Gotta save $0.15.

At least use duckduckgo as a search engine, Gab for social media and switch to Brave browser. None will cost you anything.
I'm surprised more people don't use Brave, especially for this site and it's ads. Was in class a few weeks back and we were talking about internet browsers. I introduced everyone to it, was surprised nobody knew of it
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Old 06-04-2019, 10:02 PM #9
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"Anti-trust laws are stupid" is the dumbest thing I've ever read on this forum.

Either way, politicians are in their pockets, so nothing will be done. We've gone too far down the rabbit hole to go back.
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