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I'm confused as to why the US government would break up large tech now. Surely tech has reached the status of being a national interest, especially in relation

by dexwiz 6y ago

I'm confused as to why the US government would break up large tech now. Surely tech has reached the status of being a national interest, especially in relation to information and communication? What stops foreign firms from buying out large swaths of American tech after it has been broken up? TikTok shows how far foreign tech can penetrate the US market, and how nervous that makes the government. I feel that the only reason the current Trump administration would want to break up tech giants, is so the remnants can be auctioned to the highest bidder. Maybe they are feeling emboldened by this TikTok/Oracle deal, as botched as it is.

TMWNN 6y ago
>I'm confused as to why the US government would break up large tech now. Surely tech has reached the status of being a national interest, especially in relation to information and communication? Harry Truman said in 1945 about the atomic bomb, "We thank God that it has come to us, instead of to our enemies". I feel the same way about FAANG and Silicon Valley as a whole (and Wall Street, and Hollywood, and SpaceX/Tesla, and the Ivy League), that they are in the United States. That doesn't mean I approve of everything they do. That doesn't mean I can't or won't decry their putting thumbs on scales toward a certain type of bien-pensant ideology. That does mean that, overall, I am very, very glad that they are American instead of Russian, Chinese, or even British, French, or German. >I feel that the only reason the current Trump administration would want to break up tech giants This report is from the House of Representatives, which is Democratic-controlled.
cblconfederate 6y ago
> What stops foreign firms from buying out large swaths of American tech after it has been broken up Why? They are way overpriced. If chinese or russians wanted to compete worldwide they could fund it much cheaper locally. Besides a lot of of their value is in the network effect / lock-in, not on the software itself. And why would they invest in a company that would be ultimately under control by the US administration.

by dexwiz 6y ago

TMWNN 6y ago

>I'm confused as to why the US government would break up large tech now. Surely tech has reached the status of being a national interest, especially in relation to information and communication? Harry Truman said in 1945 about the atomic bomb, "We thank God that it has come to us, instead of to our enemies". I feel the same way about FAANG and Silicon Valley as a whole (and Wall Street, and Hollywood, and SpaceX/Tesla, and the Ivy League), that they are in the United States. That doesn't mean I approve of everything they do. That doesn't mean I can't or won't decry their putting thumbs on scales toward a certain type of bien-pensant ideology. That does mean that, overall, I am very, very glad that they are American instead of Russian, Chinese, or even British, French, or German. >I feel that the only reason the current Trump administration would want to break up tech giants This report is from the House of Representatives, which is Democratic-controlled.

cblconfederate 6y ago

> What stops foreign firms from buying out large swaths of American tech after it has been broken up Why? They are way overpriced. If chinese or russians wanted to compete worldwide they could fund it much cheaper locally. Besides a lot of of their value is in the network effect / lock-in, not on the software itself. And why would they invest in a company that would be ultimately under control by the US administration.