Posted on 06/24/2021 7:24:46 AM PDT by MarvinStinson
Big Tech lobbyists are fighting “tooth and nail” against regulation
Tech giants have repeatedly said they would welcome government regulation — if it’s the right regulation, of course. But faced with five antitrust bills that could unwind what the House Judiciary Committee described as Apple, Amazon, Google and Facebook’s “monopoly power,” Big Tech is bringing out the big lobbying guns.
Apple CEO Tim Cook himself called Speaker Nancy Pelosi to “deliver a warning” that the “rushed” antitrust bills could disrupt the iPhone, according to The New York Times, and that’s not all:
“Executives, lobbyists, and more than a dozen think tanks and advocacy groups paid by tech companies have swarmed Capitol offices, called and emailed lawmakers and their staff members, and written letters arguing there will be dire consequences for the industry and the country if the ideas become law,” the NYT wrote.
Cash works better than talk—gotta think Big Tech has figured that out...
And to return the favor Big Tech and Social Media will do all they can (and that’s a lot) to promote speech and thought that are favorable to democrats, even if it means destroying this country.
Kabuki theater
These companies would be paying 10% dividends if they didnt have to pay off Congress...
I'm surprised more shareholders don't demand it...
What will Kevin McCarthy do if Republicans are lucky enough to take back the House next year? Not a damn thing. That’s the reality.
You can likely count on two-hands the number of Representatives & Senators who really want to do anything about the Big Tech monopolies.
Screw you Tim.
The swift and vigorous use of the anti trust laws
is crucial. It may put a quick end to the facistic Managerial Revolution where half educated, greedy, woke MBAs own us. And control us!!!
“The swift and vigorous use of the anti trust laws is crucial.”
You think the leftists in power are going to use those laws in a way that will benefit us?
He is a constituent...why shouldn’t he call his congressional delegation?
I have to laugh at people who get worked up over this crap.
Those companies backed Democrat candidates...
One of the pinpricks which popped the tech bubble in the late 90s was government moves toward antitrust against Microsoft. Bill Gates wasn’t playing ball with the Clinton regime, and big gov reminded him of who is boss. Gates knuckled under and the threat was dropped. Meanwhile, it destabilized a market that was already precarious.
This current threat against the Fang stocks may play out differently, as the tech giants are far more powerful than MSFT was, and the government far more open to blatant corruption. Hence Cook telling Pelosi what to do.
Not directly, he’s not. He works in Cupertino, which I believe is the 17th District and he lives in Palo Alto, which is the 18th District. Pelosi represents the 12th or 11th District.
As well or better than Neocons who are the first corporatists.
That pretty much tells us who the Deep Staters are, doesn’t it?
The democrats are just shaking down the companies for bribes.
Close enough. Nancy sometimes acts like she runs the whole country, so we should all be able to call her. /s
So, your argument is that a backhoe operator calling Nancy Pelosi from his backhoe seat is the same as Tim Cook calling Nancy Pelosi??
Not only have the states never expressly constitutionally given the feds the specific power to break up monopolies, but the delegates to the Constitutional Convention expressly constitutionally gave the feds the specific power only to grant temporary monopoly power to inventors.
"Article I, Section 8, Clause 8: To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;"
”From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added]." —United States v. Butler, 1936.
But misguided Pelosi evidently believes that the feds can grant patents to Apple, and then turn around and accuse Apple of monopolistic practices, limiting Apple and other companies with non-enumerated anti-trust powers.
Insights welcome.
Actually, yes.
I know when I was managing an company with 1,000 employees in a small city, the Mayor took my calls. And I took his.
If I am a rep, getting a call from one of the largest companies in the world, I take that call.
The fact that they are both screaming libs is not the point.
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