Is Increased Regulation Not Enough?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Rigt: Tech giants have lobbied unbelievably hard and poured a last year, around 300 million dollars into fighting legislation. There's been no part of any constructive legislation that's been put forward in the us - which is the market i know best. Rigt: Once these companies actually get to a certain level where they realize their own power, they realize how much people are relying on them. And you know what? They're doing an awfully good job of stepping up tote plat to their own responsibility.

With so much data and power centralised in the hands of a few West Coast companies, the tech giants have become a serious threat to our basic freedoms and must be broken up. That’s the argument that was made at this major Intelligence Squared debate by the FT’s global business columnist Rana Foroohar and by businessman and former chairman of Channel 4 Luke Johnson. But others would argue that it’s all too easy to make the tech giants a scapegoat for the inevitable upheavals caused by the digital revolution. The real winners of this revolution are not the tech companies but us, the users. Who could now imagine living without the services of Amazon, Apple, Google, Facebook and Microsoft? That’s the case that was made in our debate by former head of Facebook’s European politics and government division Elizabeth Linder and competition law expert Pinar Akman. Who's right and who's wrong?

Support this show http://supporter.acast.com/intelligencesquared.

See acast.com/privacy for privacy and opt-out information.

Learn more about your ad choices. Visit podcastchoices.com/adchoices