About this episode
While partisan fighting and gridlock has come to characterize most Western governments, one issue has united liberals and conservatives against a common foe: the rise of Big Tech. Anti-trust experts warn that Google, Facebook, Amazon, and Microsoft have become too powerful, too fast. They control our data, our discourse, and our politics. Their unmatched power is a threat to innovation and market competition. For the sake of democracy and dynamism, their days of unlimited expansion, privacy violations, and corporate acquisitions must come to an end. It is past time to regulate these internet giants.
The CEOs of these tech companies, however, are fighting back. Zuckerberg, Bezos, Pichai, et al argue that they have become an easy scapegoat for the pitfalls of a digital revolution no one could have expected. Far from achieving a monopoly over the industry, these companies face stiff competition from big players in the space and emerging disruptors. Furthermore, the negative associations with these companies have overshadowed the very real benefits they have brought to the public; Google, Facebook, YouTube and Amazon have provided revolutionary and life-changing opportunities around the globe. These digital giants have transformed the world into a more inter-connected, transparent, and democratic space for all of its users, uplifting entire communities with just the push of a few buttons. We must embrace, not fear, the rise of big tech and its dominance in society.