Sen. Elizabeth Warren pushes to break up big tech companies like Amazon and Facebook - https://www.cnbc.com/2019/03/08/elizabeth-warren-pushes-to-break-up-companies-like-amazon-and-facebook.html
We need less antitrust regulation, not more.
What a joke she is.
Okie. She is not fit to run. Move on next democrat stand up please.
Why is she so stupid.. doesnโt she know big tech is like 90% democrats
I guess not. Ironically, Dems have a tendency of pissing off their own voter base.
It's like a game of tug o war. Republicans all get in line and pull based on a single message, whether it is true or not doesn't matter. Dems scatter everywhere in a distracted way, pulling on nearby grass, trees, benches and then lose elections despite greater numbers
I was supportive when Elizabeth Warren fought against fraudulent banking practices and money laundering. Breaking up monopolies also makes sense. Breaking up companies, just for having revenues above an arbitrary theshhold would do much more harm than good. Tech companies not only provide jobs directly, but create tools to enable others to self employ, create businesses, and increase productivity. She lost me with this move.
Why does breaking up monopolies make sense?
True monopolies don't have competitors or adequate substitute products and are regulated. This is often the case of utilities or if a company buys all competitors. To be a monopoly, there should also be a need for the product. For example, one company owning all of the oil available for sale, which we are still dependant on. I'm not talking about so many companies thst are now called monopolies, just because they may lead in a market. Apple is not a monopoly, because even if they are the only manufacturers of an iPhone, anyone can buy an Android as a substitute product. Google is sometimes falsely called a monopoly on search, when you can go to competitors. I don't agree with blaming a company for being the best at something. monopoly examples: https://www.investopedia.com/insights/history-of-us-monopolies/
She's gone gaga. If her goal is to actually benefit the society, she'd focus on breaking up big banks and ensure accountability of fund and investment managers. Specially those managing 401k, pension etc. Fix housing prices. And please please ๐ fix healthcare. I have to pay 60$ after insurance payment for the same medication that I can get outside of US for $2.4. Manufactured for both market by the same company at same location. 3000% mark up is ridiculous.
Normal Prescriptions and appointments are peanuts. Be worried about the costs of surgery and hospitalization.
That's the fear. I can pay for medication; what'd happen if I need surgery? Actually that is covered. But, if I need long term medication for diabetes, cancer etc. then insurance goes through the roof or they're not covered.