In 2019 the European Union and U.S. Democratic Presidential Candidate Elizabeth Warren issued proposals that would regulate Facebook, Google and Amazon. Senator Warren proposed that the U.S. government should designate tech companies who have global revenue of over $25 billion as “platform utilities" and break them up into smaller companies. Senator Warren argues that the companies have “bulldozed competition, used our private information for profit, and tilted the playing field against everyone else.” Lawmakers in the European Union proposed a set of rules which include a blacklist of unfair trading practices, requirements that companies set up an internal system to handle complaints and allow businesses to group together to sue platforms. Opponents argue that these companies have benefited consumers by providing free online tools and bring more competition into commerce. Opponents also point out that history has shown that dominance in technology is a revolving door and that many companies (including IBM in the 1980’s) have cycled through it with little to no help from the government.
Amazon, Facebook, Google, Microsoft, Apple, Tesla, Twitter, all of the major companies need to be regulated by the Federal Government. Still incentivize creativity and intelligence but made it so these companies cannot have so much power as to influence elections and screw over the people that make these companies their money. The workers need to protected at all costs and if that means making sure companies who practice in bad faith are her accountable for human rights violations then so be it. Money and corporations need to be removed from politics, they are entities allowed here by the federal government, the Fed should be doing more in protecting the people from monopolistic scum bags.
1) Amazon is not stifling competition, nor are they a monopoly.
2) Facebook must decide if they are a "platform" or a "publisher" -- if they are a platform, then they cannot deny users freedom of speech. If they are a publisher, then they should be taxed accordingly.
3) Google is on the same level as Amazon -- there are other search engines available. The public should be made more aware of their biased algorithms and search filters.
4) All three agencies must have their monetary and technological influence on information and politics curbed.
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