Given recently how AOC and her cohorts were flat out embarrassed by the NY state budget director and given a lesson in basic financial literacy and economics, I think the freshman and sophomore democrats should probably lay low for a while and learn a thing or two from the adults in the room.
Elizabeth Warren Proposes Breaking Up Tech Giants Like Amazon
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Re: Elizabeth Warren Proposes Breaking Up Tech Giants Like Amazon
#592How about going after Comcast and Verizon first, the actual tech monopolies ? I already don’t use Facebook, I buy things online from places other than Amazon, and have email accounts that aren’t hosted by Google. However, all of that goes over Comcast’s network because that’s my only viable choice for Internet service. Also, while FAANG occasionally do things I don’t approve of, they don’t actively lobby congress for…
Re: Elizabeth Warren Proposes Breaking Up Tech Giants Like Amazon
#593Earlier quoted context omitted.
It's municipal, so the magnitude of threat you're implying (oooh Government ) is a misdirection. GP's point is that consistently lobbying to shut down the existence of any competition, public or private, is monopolistic behavior. And it is, pretty much by definition.
GP used an example of lobbying against the government entering what had heretofore been a private market. Pushing back on that is not "monopolistic" by any sense of the term. If you have examples of Comcast lobbying to prevent private competition, I'd like to hear them. The biggest impediment to private competition actually comes from the public interest sector, which insists on build-out requirements that make it ve…
Is it possible for them to have other strategic incentives for their action, such as preventing a type of competitor from emerging? Yes. And if you take the perspective that government is a uniquely troublesome competitor, it's understandable to feel extra strong about it.
But it's still monopolistic in context. A counterpoint to "competition from the government is uniquely unfair" is "having only one provider is uniquely unfair". One is from the perspective of a profitable $100B corporation, the other is from the perspective of the consumers.
Re: Elizabeth Warren Proposes Breaking Up Tech Giants Like Amazon
#594Earlier quoted context omitted.
Dems/libs are fools when it comes to this. They never have the backbone to take on foreign Govts. I'm totally against this because we are in a globalized world and these companies need to be large and strong to out-compete with others across the world.
Saying "we are in a globalized world" makes it seem like that is just the nature of things and not the outcome of specific policies taken by primarily the US in the post-WW2 era. Corporate concentration is against capitalism, and dealing with global competitors can be dealt with with the tools we already have, like the current administration is with trade policy.
Nations that decide to close down in certain areas, may find themselves in a competitive disadvantage to peers making use of data, economies of scale, technology, labour, etc. This is something we have seen happen in history.
Re: Elizabeth Warren Proposes Breaking Up Tech Giants Like Amazon
#595Does anyone actually believe that the US government's interventions against Microsoft made the slightest bit of difference, as opposed to huge shifts in the internet and mobile landscape? You could argue that the emergence of Firefox and Chrome was only made possible by the ability to assign a "default" non-IE browser in Windows, but that ability pre-dated any of the anti-trust stuff anyway; all you got out of that w…
Re: Elizabeth Warren Proposes Breaking Up Tech Giants Like Amazon
#596Earlier quoted context omitted.
While you can place your data in services which are not Google, if you want to consume data, you are often going to have to deal with Google. For instance, almost anyone who shares any sort of video whatsoever puts it on YouTube. It doesn't matter if I'm not a YouTube user, I have to go to YouTube if I want to watch someone else's videos. And Google is far more than just where you go to search or store your email. So…
> Firefox is nearly the last remaining holdout against Chromium. And the reason they don't have more market share is because Chrome is still faster and provides a better experience on average than Firefox does. I switched (back) to Firefox a few years ago, and I'm mostly happy with it. But when I try to get others to switch, those that end up not switching try for a few days and run into horrible performance issues t…
Re: Elizabeth Warren Proposes Breaking Up Tech Giants Like Amazon
#597The fossil fuel industry continues to run rampant. As does the Military Industrial Complex. The former is a key player in the degradation of the planet; the latter is a money sucking Hover that is sucking the life out of infrastructure, education, etc.
The environment and peace are much bigger issues than taking down and busting up the tech giants.
Editorial: I want to like Liz Warren. I can related to some of her ideals. Unfortunately, as a politician she too often comes off as inexperienced, out of touch and/or naive. This is another one of those times.
Re: Elizabeth Warren Proposes Breaking Up Tech Giants Like Amazon
#598Earlier quoted context omitted.
Did you read her proposal? There would be a structural separation from distribution and first party goods. Just like railroads couldn't own interests in the commodities they were transporting, Amazon couldn't operate a market place and also own private label brands. https://medium.com/@teamwarren/heres-how-we-can-break-up-big...
So what about Walmart who does double Amazon in revenue AND has their own private label brands? They have so much retail power they are known to get manufacturers by the balls and make manufacturers accept the cost they want instead.
Amazon is a marketplace meaning the seller takes on all of the risk and pays Amazon for the privilege. Amazon then uses the data that marketplace generates to undercut the sellers with their private labels.
Re: Elizabeth Warren Proposes Breaking Up Tech Giants Like Amazon
#599Earlier quoted context omitted.
You have claimed that it's a stranglehold, but never explained what actually makes it so, given that any would-be Google and Netflix competitor would have access to the same pipes as those two, and on the same terms.
Economy of scale. For instance, Netflix has CDN boxes all over the planet, colocated by the ISPs. ISPs have to colocate them for free, because with net neutrality, they have to either accept the massive network traffic over their peering connections, or accept the box. Any smaller provider would need to pay for the privilege of colocation in an ISP's datacenter, and they'd also have to supply all of those boxes, that…
Re: Elizabeth Warren Proposes Breaking Up Tech Giants Like Amazon
#600Earlier quoted context omitted.
In the past couple years, a new legal theory proposed that the definition of monopoloy needs to be updated for the 21st century. Instead of focusing on consumer welfare, antitrust law should focus on 'anticompetitive behavior'. In this argument, amazon is the platform through which all other online sellers go to market, like railroads in the late 19th century. Behaving as both a platform and participant is anticompet…
It's not a new legal theory, though. It's a return to the old one that predated the current state of affairs. In other words, it's a return to what the people who originally wrote our anti-monopoly laws meant them to do.