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