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Old 10.01.2021, 12:53
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Have the Big Tech Giants got too much power ?

Have the Big Tech Giants got too much power ?

[No, this not another Trump v. Twitter thread. The issues go much beyond that]

There are actually not many places left where you can safely debate this sort of topic without running the risk of being shadow banned or face other sanctions like having your *social credit score reduced.

Big Tech, that is the likes Amazon, Apple, Google, Facebook, Twitter, Microsoft have amply demonstrated that they don't shy away from using censorship, denial of services etc. to influence opinion and events also in the political arena.

These companies have inveigled themselves into this position by their monopolistic practices, systematically destroying competition and now in an incredible position to abuse the monopoly of power which they have accumulated.

Surely this cannot last. It is inevitable that they will face an increasingly hostile regulatory environment which will seek to neutralise this power they have accumulated. (Taxation, Anti Trust fines, mandatory divestment etc.)

China is actually a good example here because the "free world" (yes, that's us!) appears to be closely following where they lead and the monopolistic practices of the big tech giants such as Ant Group Co. are coming under increasingly severe scrutiny.

Don't even imagine these giants are providing all these services (even including free services) for altruistic reasons. They are dumping these services to snuff out the competition or to harvest data in order to increase their power. In other words, they are currently reaping where they have not sown.

*China - not yet practised here.
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