HNewsWire Commentary- The tech giants needs to be broken up. They have a monopoly over information shared online,Help the petition reach its goal, share with others:
It is time to call the tech companies to account. In the space of just ten years, Google, Apple, Facebook, Amazon and Microsoft have become the biggest companies on the planet and have accrued a level of power that threatens us all. They control our data, warp our democratic discourse, and exert increasing dominance over our markets. No wonder we are in the middle of a long-awaited ‘techlash’ against the technology giants.
Look at the EU’s recent crackdown on tax avoidance by Amazon and Apple, or its record €2.4 billion fine of Google. In the UK, the Committee on Standards in Public Life has just set out guidelines for prosecuting web giants such as Facebook, arguing that they are publishers, not mere ‘platforms’, and therefore responsible for the content they host. Through the influence of ‘network effects’ (whereby the first to dominate a market reaps almost all the rewards), these companies have snuffed out the competition. This matters to everyone – not simply for the sake of healthy markets, but for the democratic wellbeing of all of us.
The power of these companies lies not just in their size, but in the 21st century’s most valuable asset, data, the oil of the digital economy, which the tech companies extract freely from us, the users. With so much data and power centralised in the hands of a few West Coast companies, the tech giants have become a serious threat to our basic freedoms and must be broken up.
You are shepherds of the flock. Shepherds protect, speak out, and defend.
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