And what were these companies 20 years ago? Start ups!
Translation: the government must take over these companies and create even more regulations to prevent any startups from becoming prosperous.
Elizabeth Warren has hit out at the tech industry in a new speech railing against consolidation and concentration in the American economy.
The Democratic senator from Massachusetts singled out Apple, Google, and Amazon by name in the speech given in Washington on Wednesday, arguing that they are abusing their power to unfairly block new entrants to the market.
"The decline in competition should cause concern [because] big guys can lock out smaller guys and newer guys," Warren said. "Take a look at the technology sector — specifically, the battle between large platforms and small tech companies.
Keep reading…
Translation: the government must take over these companies and create even more regulations to prevent any startups from becoming prosperous.
Elizabeth Warren has hit out at the tech industry in a new speech railing against consolidation and concentration in the American economy.
The Democratic senator from Massachusetts singled out Apple, Google, and Amazon by name in the speech given in Washington on Wednesday, arguing that they are abusing their power to unfairly block new entrants to the market.
"The decline in competition should cause concern [because] big guys can lock out smaller guys and newer guys," Warren said. "Take a look at the technology sector — specifically, the battle between large platforms and small tech companies.
Keep reading…
