OPINION: ROBERT REICH: FACEBOOK, GOOGLE AND AMAZON ARE THE NEW ROBBER BARONS. BUST THEM UP
Posted on AllSides March 11th, 2019
From The Left
OPINION
Presidential hopeful Senator Elizabeth Warren announced Friday she wants to bust up giants like Facebook, Google, and Amazon.
America’s first Gilded Age began in the late nineteenth century with a raft of innovations—railroads, steel production, oil extraction—but culminated in mammoth trusts run by “robber barons” like JP Morgan, John D. Rockefeller, and William H.(“the public be damned”) Vanderbilt.
The answer then was to bust up the railroad, oil, and steel monopolies.
We’re now in a second Gilded Age—ushered in by semiconductors, software and the internet—which has spawned a...
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