The market concentration problem persists with three large companies broken apart from each other. Without any structural reform to the economy itself, the only thing we'll get is a re aggregation and centration of the economy. The reason that big tack, google, apple, amazon and facebook are the way they are is because they acquired roughly 800 to a thousand companies,. Our anti trust enforcers didn't challenge a single one. If you don't enforce the rule of law, then dominant firms are going to run everything.
Whether we call it Facebook or the recently coined Meta, the Silicon Valley tech giant founded by Mark Zuckerberg has rarely been out of the headlines since its inception over a decade ago and rarely have those headlines been good news. From Cambridge Analytica to the United States Capitol attack, the company's utopian ideals of connecting up society seem to often have the opposite effect. However, millions of people use it to lead their daily lives, from staying in touch with each other to building businesses on its networks. Is it time to break up Facebook? To find out, economist and broadcaster Linda Yueh is joined by Matt Stoller, Director of Research at the American Economic Liberties Project and author of Goliath: The Hundred Year War Between Monopoly Power and Democracy, and Sinan Aral, Professor of Management, IT, Marketing and Data Science at MIT, and author of The Hype Machine: How Social Media Disrupts Our Elections, Our Economy and Our Health – and How We Must Adapt.
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