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I have never understood American politician's obsession with killing their Golden goose. They did the same with many manufacturing jobs in past and most of thos
by KorematsuFred 6y ago
I have never understood American politician's obsession with killing their Golden goose. They did the same with many manufacturing jobs in past and most of those jobs ended up moving to other countries over time. Hurting Google or Facebook is not going to make anything better but will lead to job less, loss of economic opportunity and competitive advantage to other nations.
You are absolutely right that ATT, Comcast etc. are the real monopolies that have been established with the help of government and they need to be broken.
I guess in 10 years they will do the same to Tesla, SpaceX.
- Avicebron 6y agoIt's not as much America's Golden goose as the auto industry. That isn't a complete comparison, the destruction of the auto industry broke large swathes of the physical economy (by that I mean the many many industries that go into an automobile, factories for cables, factories for putting the plastic on cables, doors, glass, etc. These are physical locations that require many people involved, not to mention the job creature surrounding these manufacturing plants. The tech companies, yes make a lot of money, but the wealth is much more concentrated and a lot lot less jobs are required to make it work. These companies need to be broken up to foster competitiveness, which leads to more jobs, innovation in different sectors. The unified Google vs. China is such a tired argument from a company that trying to slowly spread their control and negatively leach internet users data. If they aren't broken up before they start causing even more material harm then who knows, maybe in 10 years when the only available GoogSurance denies your claim for medicine because they scraped your Ancenstry.com you'll see what I was talking about.