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Breaking up big tech | IN 60 SECONDS

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Democrats and Republicans alike have jumped on the "break 'em up" bandwagon, embracing antitrust solutions to rein in the behavior of technology giants These would-be trust-busters claim that Big Tech companies like Google, Amazon, and Facebook crush startups and shut out innovation

But do these activists need a reality check? For instance, Amazon controls just 5% of the US retail market and Amazon also does exactly what Democrats like Bernie Sanders and Chuck Schumer want Corporate America to do more of: foregoing stock buybacks to invest massively in R & D And it's not just Amazon — the top five US corporate R & D investors are all Big Tech companies But ask yourself — would these companies spend nearly as much if they had to shut down or split off as much as half of their business? And might banning new Big Tech acquisitions deny a crucial off-ramp to those who invest early in promising startups? With all public policy decisions, there are trade-offs and unintended consequences to consider When it comes to breaking up Big Tech, we risk stifling America's most innovative and promising sector What do you think about breaking up Big Tech? Let us know in our poll

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Source: Youtube

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