Politics

Elizabeth Warren calls for breakup of Amazon, Google, and FB

Axon 40w range
Mar 8

https://www.nytimes.com/2019/03/08/us/politics/elizabeth-warren-amazon.html

Maybe in the future smart Americans will be immigrating to East Asia to work at the leading technology companies rather than the current situation where people from Asia come to the US.

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  • Insight / Product
    SJ27

    InsightProduct

    PRE
    Insight
    BIO
    Consultant within the infrastructure as a service industry.
    SJ27more
    It’s a rapid move to socialism.. very unfortunate.
    Mar 85
    • New / Product
      B0ngzilla

      NewProduct

      PRE
      Pegasystems, Robert Half
      BIO
      I’m Canadian, but then I got better.
      B0ngzillamore
      It’s for show.

      She knows about as much about what tech is or is not, as she does about being Native American.
      Mar 8
    • Credit Karma EllisDee25
      Lol how are anti-trust politics “socialist”? Teddy Roosevelt was socialist?

      It’s just liberal capitalism.
      Mar 8
    • Axon 40w range
      OP
      It's literally designed to punish the successful. None of these companies are true monopolies, Amazon controls a relatively small portion of the retail industry.
      Mar 8
    • Credit Karma EllisDee25
      It’s just a different capitalist viewpoint. The idea for them is that concentrations like these naturally create business environments that favor them (like Amazon being able to get retailers to accept certain conditions etc) and this is bad for business competition and innovation.

      Take the Wal-mart example. Liberals say that big box stores hurt small business and it’s unfair that they pay so little that workers also get welfare (so it’s like taxes are indirectly subsidizing the company). Socialists, however, say Wal-mart workers should organize for decent wages and conditions and build their own power in the process.

      It’s just liberalism. Warren’s own words are “compassionate capitalism” WhateverTF that is.
      Mar 8
    • Warren and sanders are both clowns
      Mar 8
  • PayPal da anomaly
    Be interesting to see how the lefties that work at these companies react when it finally hits them that the move to socialism significantly reduces their meal ticket. Or are they that committed to everyone being poor and hungry?
    Mar 84
    • Apple ijyA68
      I think they are fine with everyone, except the people at the top, being poor and hungry.
      Mar 8
    • Facebook public2
      This wouldnt reduce their meal ticket, it would increase it.
      Mar 8
    • Credit Karma EllisDee25
      The “move to socialism” would be those workers unionizing and replacing managers with representatives elected by teams.
      Mar 8
    • Microsoft Did didn’t
      Oh gawd Ellis that would be terrible. 😂

      On a team by team basis folks would predominantly vote for the chump that promises the best WLB and other butthole fluff rather than the hard ass.

      Cue the subsequent productivity drops that we see in all socialist countries.
      Mar 10
  • Democracy doesn’t work because the majority of “citizens” are unqualified to make any political decisions.
    Mar 816
    • Credit Karma EllisDee25
      Well at some point the large amount of people here falling into poverty anyway will decide that it’s worth the risk trying to run things themselves than continue with a status quo that’s doing them no favors.

      Personally, I think they’d run things much better. Democracy, unlike rule by bureaucrats or business, has no interest in impoverishing or repressing the majority.
      Mar 8
    • Credit Karma EllisDee25
      IBM, controlling/directing wealth is not the same as producing it. How much wealth would Jeff Bezos produce if all logistics drivers walked off the job? How much code could he do in a day?

      Why don’t we cut out the middle-man and have workers direct the use of the wealth they produce?

      Let’s do away with these elitist myths of our feudal past. Crops are not harvested because God has graced our feudal Lord.
      Mar 8
    • This is, again, marxist nonsense. Why aren’t the drivers walking away and starting their own co-op? Because it takes genius to run a successful business and if execs don’t perform, they are fired by the shareholders.
      The problem with democracy is everyone is a shareholder but only a minority have real skin in the game. How about we make your vote proportional to the amount of taxes you pay?
      Mar 8
    • Credit Karma EllisDee25
      Lol, when you are living paycheck to paycheck, you can’t go start your own business or a co-op. That’s a tale from middle class fantasyland.

      The majority have no “skin in the game”? Well they just have the quality of their life and that of their families and communities on the line... but yeah, they don’t have investment capital to worry about.
      Mar 8
    • Microsoft Did didn’t
      @Credit you have a pretty bleak view of the economic system. GDP is soaring, workers wages are rising fast, poverty is declining, and the most capitalistic states are also those with the lowest inequality
      Mar 10
    • Credit Karma EllisDee25
      ^lol aside from GDP everything you said was incorrect.
      Mar 10
    • Microsoft Did didn’t
      Mar 10
    • Credit Karma EllisDee25
      Lol... “since the recession” is your timeline. Lol.

      From the second paragraph of the inequality Wikipedia link: “U.S. income inequality was at its highest level since the United States Census Bureau began tracking household income in 1967.”

      And the poverty rate article shows a drop from the 50s to 70s which it attributes to “war on poverty” social programs (though the disintegration of Jim Crow and migration of poor southern black and white farmers as well as record-high unionization rates in that period probably also has to do with it). As one might expect, those numbers have crept up again in the neoliberal era even though GDP has increased.
      Mar 10
    • Microsoft Did didn’t
      Yeah since the recession is a good measure because it is basically a full business cycle. Actually you’d expect a lot of these measures to do best right after a recession, not a decade later.

      Income inequality is high - that’s why there’s a huge exodus from places like CA an NY to places like TX and the sun belt.

      Poverty rate is creeping up despite ever increasing spending on poverty programs. What was rightfully intended as a safety net has trapped people in a cycle of dependency.
      Mar 10
    • Credit Karma EllisDee25
      And when a few business cycles in a row are looked at, we see 40 years of stagnant wages and increased inequality.

      And when we look at social welfare, you’ll need to cite something. Clinton drastically reduced the numbers of people eligible (10 mil to less than 2 mil families today for TANF,) cash assistance has been ended and “liberals” like Gavin Newsom felt with increased homelessness with sit-lie laws and the like. The federal government doesn’t even require that federal aid goes directly to the poor, states have discretion on how to spend it.

      https://www.google.com/amp/s/amp.theguardian.com/us-news/2017/nov/30/texas-welfare-spending-poor-families
      Mar 11
  • New ktFx31
    Two thoughts. When one company owns everything you eat, buy, and see, will you feel “free”? Second, this is just rearranging seats on the titanic. They need to tax billionaires more, not have them reshuffle their resources.
    Mar 80
  • Intel 018’!
    I’m awaiting her proposal to break up the Indian Casino Cartel
    Mar 80
  • Credit Karma EllisDee25
    Lol, socialism? Anti-trust efforts are just capitalist liberalism and fairly common at points in US history.

    Funny how anything that didn’t treat major companies like the sun king Louis the XIV is called “socialism” these days.

    But keep it up, such attitudes are convincing a whole generation that they should look into socialism.
    Mar 80
  • New FCFF
    Google, Facebook, and Twitter, are fundamentally different from other firms because they control information flow rather than tangible products or services. As such, one can argue that they should be regulated as public utilities.

    I'm a conservative and would never vote for Warren, however.
    Mar 80
  • Facebook AuoN35
    In all seriousness, even in capitalism monopoly is never good. It’s unfortunate that there is no competition for Google in search or FB in social media. At least in commerce, there are still brick and mortar and some competition on selected categories. Not totally supporting this thought. but It is worthwhile to debate on.
    Mar 80
  • Google MVou06
    Socialism vs capitalism aside, all i know is if google breaks up, the portion of the company that doesnt keep the search/ads wont be able to provide the same tc they used to (have no money)
    Mar 80
  • Apple ijyA68
    I support breaking up anti-trust laws and the agencies enforcing them.
    Mar 80
  • Microsoft MSFTBRO
    All because of Amazon Basics..
    Mar 80
  • Facebook vhqodifh
    She's just saying that to win the primaries.
    Mar 80

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