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by shartshooter
2467 days ago
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Let’s assume for a moment that Facebook and Google we’re clearly monopolies that needed to be regulated. How would that work practically? Does the justice department and federal courts have people capable of understanding the nuances of some of these companies or are we going to end up with CEOs reminding senators that iPhones aren’t made by google? |
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The real danger is regulatory capture: the experts come from industry and will design regulations to favor the industry. The best remedy would be to break the companies into pieces rather than try to craft rules for how the behemoths should behave. For example, Instragram and Whatsapp can pretty obviously be split from Facebook. At Google, YouTube, mobile, search and even advertising could be split into separate companies.