Professor Galloway recommends the American government mandates a break-up of Facebook, Instagram and WhatsApp. Facebook shareholders would actually make MORE money after the split. And those companies would have a better chance to compete with one another.
Galloway recommends Amazon be split from Amazon Web Services (VIDEO).
He recommends YouTube be split from Google.
MORE COMPETITION is good for the consumer. Good for the economy.
Elizabeth Warren, for one, is keen to push that legislation. And I agree.
YES. I know governments will do a lousy job. Politicians don’t understand Tech.
But the alternative is even worse. Bezos and Amazon — at this rate — will have too much share of the world’s wealth.
Aggregation Theory postulates that it’s nearly impossible to compete with a company that is able to aggregate a majority of consumers.
How do you launch a company to compete against Amazon, for example.
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