photo from: Lieyun.com
Over the past few years, Warren has put forward this proposal many times, but many of her opinions do make people feel that she is just promoting populism.
Foreign media have expressed support for greater competition and breakup of existing giants to promote innovation. But they argue that this is rarely done by government intervention.
They fear that breaking up tech-giants will make it harder to do so and lead to a worse world, which is controlled by a more centralized system.
Warren's actual plan consists of two steps:
The first step is to transfer some large-scale technological platforms into “public platforms" through legislation, and then separate them from the users on their platforms.
In this regard, foreign media believe that: first, making law is the responsibility of Congress, not the President; second, it may indicate that these platforms no longer prohibit harassment and sprinklers because Warren's plan basically allows anyone to file a lawsuit.
The second step of Warren's plan is to break up merged and acquired technological companies. It includes: first, regulators will reverse the illegal and anti-competitive M&A; second, the current anti-trust law empowers federal regulators to dismantle anti-competitive M&A; third, Warren proposes to use existing tools to dismantle the anti-competitive regulators.
It should be pointed out that many people have recently been angry at Trump's attempt to interfere the merger of AT& T and Time Warner.
Besides, although foreign media support the Department of Justice taking more radical measures to prevent future acquisitions of these companies, they are not sure what effect the detailed break-up plan will have.
In fact, an effective way is to promote more competition through encouraging alternatives in the market.
At the same time, if Warren is really worried about "monopoly" and lack of competition in the market, why doesn't she focus on the broadband and mobile markets which are really lack of competition?
March 10, 2019
Source: Lieyun.com
