In response to Senator Elizabeth Warren’s proposal today to break up Amazon, Facebook, and Google, the Institute for Local Self-Reliance released the following statement:
The Institute for Local Self-Reliance (ILSR) applauds Senator Warren’s plan to restore the balance of power in our democracy and revive competition and innovation by breaking up big tech companies.
Senator Warren’s proposal has two main components. One calls for reversing mergers that have allowed giant tech corporations to expand and solidify their monopoly power. The second, more consequential component would designate large digital platforms as platform utilities. It would require large tech companies to choose between maintaining ownership of a platform utility and being a participant or competitor on that same platform.