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BREAK UP BIG TECH
BREAK UP BIG TECH - WE ARE STRUGGLING UNDER THE MASSIVE WEIGHT OF TECH-MONOPOLIES THAT THREATEN TO STIFLE THE WIDE PROLIFERATION OF SMALL ENTERPRISE INNOVATION AND ENABLEMENT THAT HAS ALWAYS FUELED THE AMERICAN DREAM.
Note: When I was growing up in Central America, in the former US Panama Canal Zone, AT&T was the reigning monopoly in telecommunications. To call my Gramma in Georgia, Ma Bell would charge up to $3 or more to connect the call, and $3-$4 PER MINUTE of talk time. When the Federal Government finally broke up AT&T for their egregious pricing and anti-competitive, monopolistic anti-consumer practices, it marked the beginning of the innovation revolution in the telecommunications industry. Today, we can install apps on our phones that allow us to talk to friends in any country in the world for free. (Well, maybe not completely free because we might have to put up with some advertising for the privilege, but for me that’s a good model.
Many Americans (probably MOST) have very little market choice in where they get their internet services. There is effectively NO competition.
Today many of our markets are DOMINATED by enormous corporations who operate with the same impunity as the old AT&T. By some estimates, AMAZON controls nearly 50% of online e-commerce sales. Three or four companies control nearly the entire meatpacking industry in America. A small number of GAS Giants are gouging us at the pump during a pandemic, even as their publicly available profit sheets show huge market gains quarter over quarter. Survival of the Monopolies was NEVER the ideal of free and fair market Capitalism. Let’s take back America for the people.
Note: When I was growing up in Central America, in the former US Panama Canal Zone, AT&T was the reigning monopoly in telecommunications. To call my Gramma in Georgia, Ma Bell would charge up to $3 or more to connect the call, and $3-$4 PER MINUTE of talk time. When the Federal Government finally broke up AT&T for their egregious pricing and anti-competitive, monopolistic anti-consumer practices, it marked the beginning of the innovation revolution in the telecommunications industry. Today, we can install apps on our phones that allow us to talk to friends in any country in the world for free. (Well, maybe not completely free because we might have to put up with some advertising for the privilege, but for me that’s a good model.
Many Americans (probably MOST) have very little market choice in where they get their internet services. There is effectively NO competition.
Today many of our markets are DOMINATED by enormous corporations who operate with the same impunity as the old AT&T. By some estimates, AMAZON controls nearly 50% of online e-commerce sales. Three or four companies control nearly the entire meatpacking industry in America. A small number of GAS Giants are gouging us at the pump during a pandemic, even as their publicly available profit sheets show huge market gains quarter over quarter. Survival of the Monopolies was NEVER the ideal of free and fair market Capitalism. Let’s take back America for the people.