Is it time to [over]regulate Google, Amazon and Facebook?

Posted by on April 24, 2017 8:03 pm
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“We are going to have to decide fairly soon whether Google, Facebook and Amazon are the kinds of natural monopolies that need to be regulated, or whether we allow the status quo to continue, pretending that unfettered monoliths don’t inflict damage on our privacy and democracy.”

Three way how we can regulate them:

At a minimum, these companies should not be allowed to acquire other major firms, like Spotify or Snapchat.”

Regulate a company like Google as a public utility, requiring it to license out patents, for a nominal fee, for its search algorithms, advertising exchanges and other key innovations.

The third alternative is to remove the “safe harbor” clause in the 1998 Digital Millennium Copyright Act, which allows companies like Facebook and Google’s YouTube to free ride on the content produced by others.

For the complete post by New York Times:

Is It Time to Break Up Google?
by  Taplin is the director emeritus of the University of Southern California’s Annenberg Innovation Lab and the author of “Move Fast and Break Things: How Google, Facebook and Amazon Cornered Culture and Undermined Democracy.”

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2 responses to Is it time to [over]regulate Google, Amazon and Facebook?

  1. Borg May 24th, 2017 at 2:00 pm

    Make it one giant company capable of hyper buying unrealistically overpriced solutions. Like dirigibles and robot dogs that sound like air farts. One company for all to assimilate under from atom to galaxy.

    Reply

  2. Tony Perkins April 24th, 2017 at 8:07 pm

    Its more than ironic that this opinion piece starts out:

    “In just 10 years, the world’s five largest companies by market capitalization have all changed, save for one: Microsoft. Exxon Mobil, General Electric, Citigroup and Shell Oil are out and Apple, Alphabet (the parent company of Google), Amazon and Facebook have taken their place.”

    It leaves one scratching their head as to why the author thinks that an unfettered industry would not continue to shuffle the cards at the top every 10 years.

    See my opinion piece in the Wall Street Journal back in 2000 when after extensively interviewing Steve Jobs one afternoon I proceeded to predict that Apple would eventually takeover Microsoft.

    Gates vs. Jobs: The Rematch – WSJ
    http://www.wsj.com/articles/SB952919911662169002
    Mar 13, 2000 – Apple has suddenly raced ahead of Microsoft in Internet innovation. Steve Jobs may yet overtake Bill Gates. By Anthony B. Perkins.

    Reply

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