High-profile democratic senator Elizabeth Warren has waded into the Google, Apple and Amazon megacorporations claiming that they are using their size to “snuff out competition”.
Warren is close to Hillary Clinton and is being tipped to be a Vice President. She says she will would be pants at it because she has a tendency to alienate wealthy donors. Judging by the attack on Google, Apple and Amazon she might be right on that. Still if she does get the job the big three might be a little concerned.
Warren said the big three were using its powerful platform to “lock out smaller guys and newer guys,” including some that compete with Google, Apple and Amazon.
Google, she said, uses “its dominant search engine to harm rivals of its Google Plus user review feature;” Apple “has placed conditions on its rivals that make it difficult for them to offer competitive streaming services” that compete with Apple Music; and Amazon “uses its position as the dominant bookseller to steer consumers to books published by Amazon to the detriment of other publishers.”
“Google, Apple and Amazon have created disruptive technologies that changed the world, and … they deserve to be highly profitable and successful. But the opportunity to compete must remain open for new entrants and smaller competitors that want their chance to change the world again.”
Strangely Warren has not slagged off Facebook or Microsoft.
Warren’s speech also mentioned Walmart and Comcast and politicians and regulators she thinks have abandoned their responsibility to “restore and defend competition.”
She said she does not expect those same politicians to pass new legislation to fix any of this, but she does want them to “enforce our laws in the way Congress originally intended them to be enforced.”