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Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

mattstoller.substack.com

31–40 of 595 posts

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#31

Perhaps we would look at the donations to see if this is likely or not?

Is buying a son’s painting considered a donation or not?

No. In what world does buying setting from an adult relative consist of a donation?

And if a foreign government overpaying for hundreds of thousands of dollars worth of hotel stays in properties owned by the politician is not considered a donation, I can't imagine anyone thinking the painting thing would be.

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#32
post #5

Finally, they've started attacking big tech on the privacy front. The whole "monopoly" and "anti-trust" thing was going nowhere. But privacy orders like this are a step in the right direction. And to put the nail in big tech's coffin, congress should pass a law forbidding the sharing of any personal information on any resident of the US for any commercial reason whatsoever. With draconian penalties assessed per user…

> And to put the nail in big tech's coffin, congress should pass a law forbidding the sharing of any personal information on any resident of the US for any commercial reason whatsoever. At this point, a huge number (majority?) of Facebook et al users know what Facebook are doing. They value their own data less than Facebook do and are happy to trade it in return for free social media service. You may not like it, but…

It is infringing other's peoples rights. Shadow profiles are and even if you paid for subscriptions everywhere in the net, you could not get away untracked and being targeted for ads you neither want nor need.

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#33

> hospital price transparency, Wasn't this already put in place by the previous administration?

Of course it was, also see “value based care”. It’s all bullshit.

Hospitals have zero incentive to be transparent, and all the incentives to be opaque. So long as you’re a non-Medicare/Medicaid patient you’ll continue to suffer.

The American healthcare system is completely fucked (there’s no better word).

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#34
post #30

How about Big Telecom and Big Fintech and Banking? Or is it simply because the rest did not pay enough to the lobbyists?

The ISPs have been getting hit in this series of orders. That said, yes, fintech and banking are conspicuously absent. Which kind of lets you know that they are just too powerful.

And people say crypto is bad. Sad world we live in.

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#35
Big pharma is significantly less of a problem than the physician and hospital cartels.

I have no idea why these groups have survived scrutiny for their literal multi-hundred million dollar lobbying/bribery of politicians.

My closest guess is that we all know "My" physician or a well paid nurse that benefits from the bribery.

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#36
post #25

How about Big Telecom and Big Fintech and Banking? Or is it simply because the rest did not pay enough to the lobbyists?

Some is better than none.

No, this is Hacker News, where we have to gripe about every single little thing until it loses all fucking meaning

Edit: you downvote me because you know this is exactly how it goes around here

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#37

"Hearing aids cost thousands of dollars apiece, for no other reason than there is a cartel established by government that prevents firms from selling hearing aids without a prescription." An example of how many (most?) monopolies are able to exist because of some sort of legal authorization or protection. Regulatory capture. There are dozens of companies who would no doubt start making inexpensive hearing aids tomorr…

Queue "overpowered OTC aids destroyed my hearing" pushback...

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#38
post #21

Earlier quoted context omitted.

And how do you feel about sharing the collected data of your conversations and travel with government agencies?

I feel there is nothing the government is going to do about that. This doesn't mean that I throw up my hands and say, OK, I'll let everyone have all of my communications logs since the government has them.

I personally believe being targeted with advertising is much less intrusive than the government having unfettered access to my daily interactions with people and various institutions. I would prefer to not have to worry about either.

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#39
post #30

How about Big Telecom and Big Fintech and Banking? Or is it simply because the rest did not pay enough to the lobbyists?

The ISPs have been getting hit in this series of orders. That said, yes, fintech and banking are conspicuously absent. Which kind of lets you know that they are just too powerful.

Or that you really, really need to establish precedent (and ideally, a pttern) by first successfully going after the "easier" targets. It's much easier to go after fintech and banking if you can go "what's the problem, you're just next in line, your industry's hardly getting singled out"

Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?

#40

How about Big Telecom and Big Fintech and Banking? Or is it simply because the rest did not pay enough to the lobbyists?

There's much more in the actual order addressed toward banks and telcos and ISPs than there is language directed at "big tech".

https://www.whitehouse.gov/briefing-room/presidential-action...

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