Kennedy on Elizabeth Warren's plan to break up big tech FBN's Kennedy on Sen. Elizabeth Warren's (D-Mass.) plan to break up big technology companies. FOX Business Network (FBN) is a financial news channel ...
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On this subject, for many reasons, I don't agree at all with Senator Warren and former Labor Secretary Robert Reich, as much as I respect each of them intellectually and ideologically in general.
In fact, for the first time in my life, I actually agree with the above correspondent for Fox News.
These mega-corporations need some reforming regulations put in place, however, and that is the reasonable task and obligation of Congress. Facebook is totally incommunicado when it comes to asking them a question or making a suggestion like the one I did about 3 years ago about Russian apparatchiks posting BS "breaking news stories" all the time, which, as a Facebook group moderator or admin for about 30 groups, I noticed frequently and had to take a lot of time to delete them. Facebook completely ignored my letters about that which were sent by Fed Ex to the entire board of directors out there in San Mateo on 1 Hacker Way.
Facebook has no emails and no telephone numbers to ever reach anyone, and that is their choice as a private corporation.
Leaking personal data is of no great import to me, quite honestly. Sharing personal data and selling it might be a different story.
But to put Facebook, Amazon, and Google on the same par as the monopolies of the early 20th Century, the big railroads and big banks, a la Cornelius Vanderbilt, John D. Rockefeller, and Jay Gould, with all of the anti-trust regulations, etc., that is absurd, a draconian pie-in-the-sky knee-jerk conclusion, like throwing the baby out with the bathwater!
The motivation to do so now would be a kind of pouting "that's-not-fair-they-are-too-greedy-and-too-big"; most assuredly, none of that would stand up in court within the parameters of existing statutes, unless specific actions were actionable under fraud, monopoly, and anti-trust statutes, many of which would have to be dusted off to be used, and that won't happen with this Department of Justice.
What existing statutes would even allow anything like that draconian crow-barring of major corporations to even be considered?
About one year ago, I asked the FCC about some wrong doings at Facebook (concerning abuses of the First Amendment and Freedom of Speech, and they immediately replied that they felt similarly but that have no statutory powers vis a vis social media whatsoever.
Might be good to start with a few meaningful baby steps towards that kind of legislation, but breaking them up? That is so absurd as to be almost stupid.