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After long peace, Big Tech faces U.S. antitrust reckoning

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By Alex PIGMAN

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RedemptionToday 04:23 pm JST

The US should follow the EU and protect citizens more than companies. Time to open up a can of antitrust whoopass.

Unfortunately at this point there is a lot of retirement money in the bit tech companies.

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The US should follow the EU and protect citizens more than companies. Time to open up a can of antitrust whoopass.

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The US economy and its global soft power has been based on GAFA's dominance for more than three decades. Their own spooks have access to every system and device on the planet, one way and another. Their policies are already breaking that, forcing Huawei into producing their own replacement operating systems.

If US politicians break GAFA up or suppress it, they will be destroying their own global dominance. The US equivalent of Brexit. State control of tech would be the only thing worse than corporate control. Politicians do a terrible job of running economies and maintaining the peace. Now they want to ruin our tech too?

There are issues with big tech that can all be fixed, but politicians on activist mandates are not best placed to fix them without causing huge amounts of collateral damage.

Monopolies and duopolies are natural in tech because technical compatibility is essential. It's usually a 70/30 or 80/20 split. Any intervention there requires more knowledge and ability than you will ever find in a political committee.

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