Arizona Senate candidate Blake Masters wants to break up Big Tech and ban their business practices he believes are harmful.
“I think Republicans need to reacquaint themselves with their history of antitrust enforcement, and realize huge concentrations of power in private hands can violate people’s liberties just as much as government,” Masters said in an interview with the Daily Caller News Foundation.
Masters, who announced his candidacy in July, serves as chief operating officer at investment firm Thiel Capital and runs the Thiel Foundation, a philanthropic organization founded by billionaire investor and PayPal co-founder Peter Thiel. He competes in a crowded Republican primary with fellow candidate and current Arizona Attorney General Mark Brnovich for the chance to unseat incumbent Democratic Sen. Mark Kelly in 2022.
President Joe Biden’s competition and antitrust executive order will harm American consumers, groups representing both large and small businesses said.
The leading groups — including the Chamber of Commerce, Job Creators Network (JCN) and the National Association of Manufacturers (NAM) — slammed Biden’s executive order, arguing that it will harm competition and present a host of challenges to small businesses. The business groups said the order is an example of big government attempting to exert control over the free market via onerous rules and regulations.
“This executive order amounts to a bizarre declaration against American businesses, from the largest to the smallest,” Small Business and Entrepreneurship (SBE) Council Chief Economist Raymond Keating said in a statement. “It’s hard to understand why a White House would go down such a path, especially as the economy is digging out from the COVID-19 disaster.”
Tech giant Amazon recently demanded that the chairwoman of the Federal Trade Commission be recused from any antitrust investigations into the company, according to the Daily Caller.
Amazon filed the petition with the FTC on Wednesday, accusing Chairwoman Lina Khan of being biased due to the fact that she “has, on numerous occasions, argued that Amazon is guilty of antitrust violations and should be broken up.” The petition continued by declaring that “these statements convey to any reasonable observer the clear impression that she has already made up her mind about many material facts relevant to Amazon’s antitrust culpability as well as about the ultimate issue of culpability itself.”
The FTC is already conducting several antitrust investigations, including against Amazon; their most recent efforts are focusing on Amazon’s possible acquisition of the film studio Metro Goldwyn Mayer (MGM), a purchase of nearly $9 billion announced last month.
Apple CEO Tim Cook called House Speaker Nancy Pelosi and other members of Congress last week, warning lawmakers that newly proposed antitrust legislation would harm consumers and hurt innovation, five sources with knowledge of the conversations told The New York Times.
Lawmakers introduced a series of antitrust bills that target Facebook, Apple, Google and Amazon, The New York Times reports. The legislative efforts seek to rein in the tech companies by addressing alleged anti-competitive practices and by curbing monopoly power, according to a report by CNET.
Pelosi pushed back on Cook’s warnings, asking him to name specific policy objections, two sources with knowledge of the conversations told The New York Times.
There are few, if any, political issues that now generate the breadth and intensity of bipartisan backlash as does the rise of Big Tech.
During Donald Trump’s presidency, the major parties largely diverged on their specific grievances against the woke Silicon Valley monopolists who serve as gatekeepers for America’s 21st-century public square. Republicans, by and large, focused on censorship of conservative online speech. Democrats, by contrast, tended to focus on economic concentration; the five American corporations with the largest market caps, for example, are tech behemoths Apple, Microsoft, Amazon, Google Alphabet, and Facebook. This divergence has stymied efforts to rein in the Big Tech oligarchy on issues such as Section 230, the 1990s-era provision permitting platforms to engage in publisher-like content-moderation decisions without being legally treated as publishers.
Conservatives still have myriad concerns with Big Tech’s noxious brew of speech suppressions, shadow bans, and unaccountable deplatformings. Those concerns are both legitimate and justified by Big Tech’s ever-expanding list of misdeeds. But there is an emerging sea change in the way conservatives conceptualize the relationship between Big Tech’s unfettered content-moderation leeway and the sheer economic clout wielded by the relevant corporate actors.
New York Attorney General Letitia James announced Wednesday that she is leading a coalition of dozens of states to file a lawsuit against social media giant Facebook.
James, along with the attorneys general of 47 other states and the Federal Trade Commission, accuse Facebook of using its dominant market position to acquire and otherwise crush competitors, tactics that amount to monopolistic abuse that harm users.