US Lawmakers Target Internet Giants

An expansive set of antitrust reforms were introduced in the US House of Representatives today by a bipartisan group of lawmakers. These target Amazon, Apple, Facebook, and Google to make it more difficult to leverage their dominant positions to complete mergers or own companies that create conflicts of interest. This is a package of five bills, which would need to pass votes in the Judiciary Committee, the full House, and the Senate and be signed by the president before becoming laws (who said watching cartoons isn't educational?). CNBC explains:
The measures come in the wake of a lengthy investigation by the House Judiciary subcommittee on antitrust into the four companies that was completed last year.

The panel found at the time that Amazon, Apple, Facebook and Google hold monopoly power and that antitrust laws should be revised to better deal with the unique challenges of competition in digital markets.

While Democrats and Republicans diverged on some of the solutions, they mostly agreed on the alleged competitive harm and that reform was necessary to reinvigorate the markets.
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12.
 
Re: US Lawmakers Target Internet Giants
Jun 13, 2021, 10:51
12.
Re: US Lawmakers Target Internet Giants Jun 13, 2021, 10:51
Jun 13, 2021, 10:51
 
jacobvandy wrote on Jun 12, 2021, 05:02:
jdreyer wrote on Jun 11, 2021, 20:24:
They forgot to add Disney (and about a dozen others I can think of off the top of my head). I guess these guys didn't donate to enough congressional campaigns.

In 2020:

Alphabet ranked #18 in contributions, #19 in lobbying
Amazon ranked #51 in contributions, #9 in lobbying
Facebook ranked #72 in contributions, #10 in lobbying
Apple ranked #64 in contributions, #54 in lobbying

Microsoft ranked #24 in contributions, #32 in lobbying
Disney ranked #28 in contributions, #111 in lobbying
AT&T ranked #27 in contributions, #17 in lobbying
Comcast ranked #36 in contributions, #15 in lobbying
Verizon ranked #126 in contributions, #24 in lobbying
Intel ranked #174 in contributions, #91 in lobbying
Sony ranked #377 in contributions, #248 in lobbying
Samsung ranked #970 in contributions, #159 in lobbying
NVIDIA ranked #639 in contributions, $0 in lobbying
Valve ranked #1,251 in contributions, $0 in lobbying
Nintendo ranked #7,158 in contributions, $0 in lobbying

Check more at: https://www.opensecrets.org/search

Kudos to Rep. Jayapal from WA, sponsoring the "Ending Platform Monopolies Act" when her top 5 contributors include Microsoft, Valve, and Amazon. That's chutzpah!
Or, as is more likely, those companies recognize some government action is inevitable (due to public sentiment) and want someone they own to be "spearheading" the effort. That's the way regulatory capture works...
11.
 
Re: US Lawmakers Target Internet Giants
Jun 12, 2021, 08:43
11.
Re: US Lawmakers Target Internet Giants Jun 12, 2021, 08:43
Jun 12, 2021, 08:43
 
Seems kind of like locking the barn door after the horses have already run away.
“The greatness of a nation and its moral progress can be judged by the way its animals are treated.”
- Mahatma Gandhi
Avatar 17185
10.
 
Re: US Lawmakers Target Internet Giants
Jun 12, 2021, 07:21
10.
Re: US Lawmakers Target Internet Giants Jun 12, 2021, 07:21
Jun 12, 2021, 07:21
 
I feel like Democrats will target them for wielding too much power over the American people and allowing fewer financial choices, which is what banning monopolies is all about. Republicans want to target them because Facebook, Twitter, Youtube ban domestic terrorism, damaging conspiracy theories, and fomenting sedition and the GOP feels it needs those misinformation campaigns and lies to continue brainwashing Americans.
9.
 
Re: US Lawmakers Target Internet Giants
Jun 12, 2021, 07:18
El Pit
 
9.
Re: US Lawmakers Target Internet Giants Jun 12, 2021, 07:18
Jun 12, 2021, 07:18
 El Pit
 
jacobvandy wrote on Jun 12, 2021, 05:02:
jdreyer wrote on Jun 11, 2021, 20:24:
They forgot to add Disney (and about a dozen others I can think of off the top of my head). I guess these guys didn't donate to enough congressional campaigns.

In 2020:

Alphabet ranked #18 in contributions, #19 in lobbying
Amazon ranked #51 in contributions, #9 in lobbying
Facebook ranked #72 in contributions, #10 in lobbying
Apple ranked #64 in contributions, #54 in lobbying

Microsoft ranked #24 in contributions, #32 in lobbying
Disney ranked #28 in contributions, #111 in lobbying
AT&T ranked #27 in contributions, #17 in lobbying
Comcast ranked #36 in contributions, #15 in lobbying
Verizon ranked #126 in contributions, #24 in lobbying
Intel ranked #174 in contributions, #91 in lobbying
Sony ranked #377 in contributions, #248 in lobbying
Samsung ranked #970 in contributions, #159 in lobbying
NVIDIA ranked #639 in contributions, $0 in lobbying
Valve ranked #1,251 in contributions, $0 in lobbying
Nintendo ranked #7,158 in contributions, $0 in lobbying

Check more at: https://www.opensecrets.org/search

Kudos to Rep. Jayapal from WA, sponsoring the "Ending Platform Monopolies Act" when her top 5 contributors include Microsoft, Valve, and Amazon. That's chutzpah!

From the same source:
AMD ranked #1,886 in contributions, #184 in lobbying
"There is no right life in the wrong one." (Theodor W. Adorno, philosopher)
"Only a Sith deals in absolutes." (Obi-Wan Kenobi, Jedi)
8.
 
Re: US Lawmakers Target Internet Giants
Jun 12, 2021, 06:29
8.
Re: US Lawmakers Target Internet Giants Jun 12, 2021, 06:29
Jun 12, 2021, 06:29
 
The current government serves multinational corporations first. No doubt this will end with strengthening these giants position, weakening existing anti-trust laws, and establishing law that frees these clowns to do what ever they want with impunity. Lawyers and politicians have a way of saying one thing and then doing something completely the opposite.

If you still don't understand what Citizen's United did to the U.S. you are hopelessly naive and will take this headline as something that will benefit the average human citizen.
"Meet the new Boss, same as the old Boss." - The Who.
Avatar 57379
7.
 
Re: US Lawmakers Target Internet Giants
Jun 12, 2021, 05:20
7.
Re: US Lawmakers Target Internet Giants Jun 12, 2021, 05:20
Jun 12, 2021, 05:20
 
When I first saw the headline I thought it said US Lawmakers Target Internet Girls. Immediately I thought, "I guess it was inevitable that the 'Lawman' finally came for the last bastions of Braless FREEDOM!!!"

I was in the middle of a double McDonald's drive-thru and yelled "Freedom" as I read my post aloud... hmmmm... looks like the drive-thru lady might be calling the manager over to the window... they're looking over here... uh oh...
With a damaged Panzer still hunting 'The Haunted Tank' and Gus out of ammo, Jeb knew there was only one option, "Slim, RAM!"
Avatar 57335
6.
 
Re: US Lawmakers Target Internet Giants
Jun 12, 2021, 05:02
6.
Re: US Lawmakers Target Internet Giants Jun 12, 2021, 05:02
Jun 12, 2021, 05:02
 
jdreyer wrote on Jun 11, 2021, 20:24:
They forgot to add Disney (and about a dozen others I can think of off the top of my head). I guess these guys didn't donate to enough congressional campaigns.

In 2020:

Alphabet ranked #18 in contributions, #19 in lobbying
Amazon ranked #51 in contributions, #9 in lobbying
Facebook ranked #72 in contributions, #10 in lobbying
Apple ranked #64 in contributions, #54 in lobbying

Microsoft ranked #24 in contributions, #32 in lobbying
Disney ranked #28 in contributions, #111 in lobbying
AT&T ranked #27 in contributions, #17 in lobbying
Comcast ranked #36 in contributions, #15 in lobbying
Verizon ranked #126 in contributions, #24 in lobbying
Intel ranked #174 in contributions, #91 in lobbying
Sony ranked #377 in contributions, #248 in lobbying
Samsung ranked #970 in contributions, #159 in lobbying
NVIDIA ranked #639 in contributions, $0 in lobbying
Valve ranked #1,251 in contributions, $0 in lobbying
Nintendo ranked #7,158 in contributions, $0 in lobbying

Check more at: https://www.opensecrets.org/search

Kudos to Rep. Jayapal from WA, sponsoring the "Ending Platform Monopolies Act" when her top 5 contributors include Microsoft, Valve, and Amazon. That's chutzpah!
5.
 
Re: US Lawmakers Target Internet Giants
Jun 11, 2021, 20:24
5.
Re: US Lawmakers Target Internet Giants Jun 11, 2021, 20:24
Jun 11, 2021, 20:24
 
They forgot to add Disney (and about a dozen others I can think of off the top of my head). I guess these guys didn't donate to enough congressional campaigns.
I'm a smoldering volcano of virility. At least, that's what I tell myself.
Avatar 22024
4.
 
Re: US Lawmakers Target Internet Giants
Jun 11, 2021, 20:08
4.
Re: US Lawmakers Target Internet Giants Jun 11, 2021, 20:08
Jun 11, 2021, 20:08
 
Does it have the pay Taxes?
3.
 
Re: US Lawmakers Target Internet Giants
Jun 11, 2021, 19:14
3.
Re: US Lawmakers Target Internet Giants Jun 11, 2021, 19:14
Jun 11, 2021, 19:14
 
Remember the death of Net Neutrality? Why haven't the Democrats rolled that back now that they are in power? Because we've all become accustomed to being discriminated against because we aren't corporations (who are supposedly "people" too)?
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2.
 
Re: US Lawmakers Target Internet Giants
Jun 11, 2021, 18:39
2.
Re: US Lawmakers Target Internet Giants Jun 11, 2021, 18:39
Jun 11, 2021, 18:39
 
ldonyo wrote on Jun 11, 2021, 18:18:
While they are correct that laws need to be updated (a decade ago) to reflect the realities of the digital economy, I can't help but think that a bunch of grumpy old people with axes to grind are not going to come up with a non-punitive solution for this.

Antitrust in the US today is a joke compared to what it used to be. I don't understand why you think it should be non-punitive when those corps have benefited immensely at the expense of everyone else. They owe society in a big way and haven't begun to pulling their share.
"Some motherfuckers are always trying to ice skate up hill." - Blade
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1.
 
Re: US Lawmakers Target Internet Giants
Jun 11, 2021, 18:18
1.
Re: US Lawmakers Target Internet Giants Jun 11, 2021, 18:18
Jun 11, 2021, 18:18
 
While they are correct that laws need to be updated (a decade ago) to reflect the realities of the digital economy, I can't help but think that a bunch of grumpy old people with axes to grind are not going to come up with a non-punitive solution for this.
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