Ten Thousand Years Of History Show That Expecting Big Tech To Self-Regulate Is A Fantasy
Though social media and the big tech companies are relatively young, many citizens and lawmakers are fed up with their abuses. The House of Representatives has undertaken a sweeping antitrust investigation of the industry. People ranging from Senator Elizabeth Warren to Facebook co-founder Chris Hughes have called for the breakup of big tech. The Federal Trade Commission is looking into the companies’ anticompetitive practices. States attorneys general are even getting into the act. Meanwhile, the big tech companies are mounting a counterattack designed to put off their day of reckoning and allow them to continue to regulate themselves.