This week, Congress released a report on big tech monopolies that makes clear what so many Americans instinctively know: A handful of powerful corporations rule over our lives and our economy. The report details the actions the four big tech platforms — Amazon, Google, Facebook and Apple — have taken in gaining and preserving their monopoly power across numerous markets. (Amazon CEO Jeff Bezos owns The Washington Post.) The report’s prescription for undoing their power is just as clear: We must break them up. Alongside this essential recommendation, the report also calls for strengthening the antitrust laws and adopting new rules to ensure the dominant platforms do not exploit their power. If we fail to confront the tech monopolies head on, the report argues, we relinquish our control over the way we shop, sell and speak to one another.
Source: Congress’s big tech report shows why antitrust history is so important – The Washington Post