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Posts Tagged ‘Facebook’

FBI Surveillance Proposal Sets Up Clash With Facebook

Posted by M. C. on August 9, 2019

violate Facebook’s ban against the use of its data for surveillance purposes

The same Facebook financed by In-Q Tel?

Nothing but theatre for a gullible audience.

The Federal Bureau of Investigation is soliciting proposals from outside vendors for a contract to pull vast quantities of public data from Facebook, Twitter Inc.

They can’t ask their bitter enemies the CIA/NSA for the info?

https://www.wsj.com/articles/fbi-and-facebook-potentially-at-odds-over-social-media-monitoring-11565277021

An effort by the FBI to more aggressively monitor social media for threats sets up a clash with Facebook Inc. FB 2.71% ’s privacy policies and possibly its attempts to comply with a record $5 billion settlement with the U.S. government reached last month.

The Federal Bureau of Investigation is soliciting proposals from outside vendors for a contract to pull vast quantities of public data from Facebook, Twitter Inc. TWTR 0.81% and other social media “to proactively identify and reactively monitor threats to the United States and its interests.” The request was posted last month, weeks before a series of mass murders shook the country and led President Trump to call for social-media platforms to do more to detect potential shooters before they act. The deadline for bids is Aug. 27.

As described in the solicitation, it appears that the service would violate Facebook’s ban against the use of its data for surveillance purposes, according to the company’s user agreements and people familiar with how it seeks to enforce them….

 

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Facebook’s Fake Money | Mises Wire

Posted by M. C. on July 19, 2019

The Libra is just the upshot of an entrepreneurial attempt to profit from the global market for payment services (and later perhaps also from the credit markets), and, of course, to collect as much precious transaction data as possible.

https://mises.org/wire/facebooks-fake-money

Starting in 2020, Facebook wants to offer its customers a global high-tech currency and infrastructure. The US IT giant says that this will provide many people around the world with easy and cost-effective access to the monetary and financial system. The new blockchain-based money is called “Libra.” Technically, it is something akin to a crypto-money-banknote covered by a basket of official fiat currencies (such as US dollars, euros, and the like). The heart of the Libra project is the “Libra Association” (LA). The non-governmental association, based in Geneva, Switzerland, is supported by founding members such as eBay, Facebook, Mastercard, PayPal, Spotify, Uber, Visa, as well as other renowned firms, and will be responsible for the operation and further development of Libra.

Libra will be created by participants depositing fiat currencies such as US dollars or euros with the LA, and the LA will then grant the depositors a corresponding Libra amount in a digital wallet, which can be used for payments via the Internet, smartphone, credit card or WhatsApp and messengers, i.e., Facebook’s chat services. The chances of success seem to be pretty good for the Libra: Electronic payment is a world-wide mega-trend. People seem to have become increasingly open to new technological ways of making payments. And if money can be sent to and fro via social media, many potential customers will presumably like it very much.

Traditional banks have good reasons to worry. The Libra is about to siphon transactions out of bank accounts and put them into the LA’s hands. Not banks, but the LA will collect the fees and will receive precious data on who pays what, when, and where. The banks will be left even more in the cold should customers begin to use the Libra for savings purposes as well. Because then they would also lose the time and savings deposits with which they refinance their balance sheets at low costs. Or think of the credit business: The LA may at some point also provide its customers with short-term consumer loans.

In any case, from a customers’ perspective it is a good thing if and when the competitive pressure in the banking business gains momentum; as is well known, competition stimulates the search for better products and lower prices, which benefits the customers. The now heightened competition from the fin-tech industry is undoubtedly quite a challenge for many banks. Not least because for decades state regulation has kept unwelcome outside competition from their backs, thereby, however, weakening their innovative strength. But our sympathies have to be first and foremost with the people demanding banking and financial services, not with the banks delivering them.

The critical question, however, is this: Is the Libra really good — or sound — money? Unfortunately, this question cannot be answered in the affirmative. Read the rest of this entry »

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Mark Zuckerberg Admits Facebook Interfered in Political Speech Before Irish Abortion Vote

Posted by M. C. on July 10, 2019

Facebook reached out to the Irish government to determine whether or not the ads should be allowed at the time.

Asking the government if free speech was legal! Probably mistook Ireland for China.

Why the admission? Throwing the unwashed masses a bone? Facebook is human after all!

Or preemptive excuse making due to a possibly news leak?

Tip of the iceberg.

https://www.breitbart.com/europe/2019/07/09/mark-zuckerberg-admits-facebook-interfered-in-political-speech-before-irish-abortion-referendum/

by Lucas Nolan

Facebook CEO Mark Zuckerberg admitted during a recent talk that the social media network banned a number of pro-life advertisements ahead of the Irish abortion referendum.

PJ Media reports that during a recent interview at this year’s Aspen Ideas Festival, Facebook CEO Mark Zuckerberg began to explain how the social media firm is attempting to work with the governments of other countries to determine what political speech should be allowed on the site. Zuckerberg gave an example of Facebook’s interaction with the Irish government ahead of a 2018 referendum on the legalization of abortion in the country.

Zuckerberg explained that American pro-life groups wanted to run Facebook ads targeted towards Irish citizens. Facebook reached out to the Irish government to determine whether or not the ads should be allowed at the time. Zuckerberg stated: “Their response at the time was, ‘we don’t currently have a law, so you need to make whatever decision you want to make.’”

“We ended up not allowing the ads,” Zuckerberg stated. Abortion activist Lila Rose commented on how Silicon Valley tech executives have reacted towards the issue of abortion in a tweet which can be seen below:

Breitbart News recently reported that Facebook has been removed from Standard & Poor’s Environmental, Social, and Governance (ESG) Index after the company received a score of 22 for social responsibility and only 6 for governance, out of a possible 100, scoring extremely poorly…

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FACEBOOK MIND CONTROL | Weekly World News

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Apple co-founder Steve Wozniak says you should get off Facebook | Daily Mail Online

Posted by M. C. on July 9, 2019

While you may not be able to stop it entirely, there are ways the average person can clamp down on their personal data – including getting rid of Facebook.

When asked if Facebook and Instagram users should delete their accounts, Wozniak said most would be smart to do so.

https://www.dailymail.co.uk/sciencetech/article-7225593/Apple-founder-Steve-Wozniak-says-Facebook.html

By Cheyenne Macdonald For Dailymail.com

Steve Wozniak is the latest high-profile naysayer to speak out against Facebook.

The Apple co-founder, who deleted his own Facebook profile last year, told TMZ recently that he recommends most people ‘figure out a way to get off’ the site due to ongoing privacy concerns.

Wozniak warned that people often assume they have much more privacy online than they really do, and said he’s now ‘worried about everything’ when it comes to potential eavesdropping and data sharing.

TMZ ran into Wozniak at Reagan National Airport in Washington D.C. last week and asked him if we should be worried that our devices are listening to us.

And according to Wozniak, the answer is yes.

‘I’m worried about everything,’ Wozniak said. ‘I don’t think you can stop it, though.

‘Who knows if my cell phone is listening right now? Alexa has already been in the news a lot.’

The prevalence of connected devices today means your conversations might not be as private as you think they are, Wozniak said.

‘There’s almost no way to stop it,’ he added. ‘People think they have a level of privacy that they don’t.

‘Why don’t they give me a choice? Let me pay a certain amount and you’ll keep my data more secure and private than everyone else handing it to advertisers.’…

 

 

 

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Using kids and Gaming-Another one that didn’t make the Erie Times-News cut.

Posted by M. C. on July 5, 2019

Update:

I received an unusually late letter acknowledgement today.

The link is: https://medium.com/@richardnfreed/the-tech-industrys-psychological-war-on-kids-c452870464ce

Persuasive technology is not a new thing.

ice

If everyone is thinking alike, then somebody isn’t thinking. George S. Patton

Someone wasn’t thinking when they came up with this idea.

Here it is…

On the same day I see the Erie Times-News article about esports and SmashErie I read in http://www.medium.com about Persuasive Technology and the Stanford Persuasive Technology Lab.

…“a discipline in which digital machines and apps — including smartphones, social media, and video games — are configured to alter human thoughts and behaviors.”

A few more quotes from the extensive article:

…deliberately creating digital environments that users feel fulfill their basic human drives…better than real-world alternatives.

…Dopamine Labs boasts “Connect your app to our Persuasive AI [Artificial Intelligence] and lift your engagement and revenue up to 30% … it’s proven to re-wire user behavior and habits.”

…Facebook president Sean Parker – “How do we consume as much of your time and conscious attention as possible?”…Facebook exploits “vulnerability in human psychology” and remarked, “God only knows what it’s doing to our children’s brains.”

…Chamath Palihapitiya, a former Facebook VP says “We want to psychologically figure out how to manipulate you as fast as possible and then give you back that dopamine hit.”

The ET-N article mentions universities are creating esports teams. Why persuade students to engage in potentially obsessive behavior? Why a Stanford Persuasive Technology Lab? Now we know.

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Video Game Addiction – Living The Hotmoms Life

Mind Controller

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Did Mark Zuckerberg Really Create Facebook? – Collective Evolution

Posted by M. C. on July 2, 2019

Mark Zuckerberg, and all of us who were there from the beginning, are lying to you and using your personal life as a government-controlled experiment in brain-washing and mind-control – basically a weaponized system of the military (CIA especially) that got out of control.

https://www.collective-evolution.com/2019/07/01/did-mark-zuckerberg-really-create-facebook/

In Brief

  • The Facts:A letter alleged to be written by a Facebook insider who was Mark Zuckerberg’s lover from their freshman year at Harvard brings into question the notion that Mark Zuckerberg was the creator of Facebook.
  • Reflect On:Can we feel that larger and larger revelations from insiders, challenging our mainstream perception of what is real and true, are starting to awaken us from a controlled illusion put in place by powers that do not have our best interests at heart?

An explosive letter alleged to be written by a Facebook insider who was Mark Zuckerberg’s lover from their freshman year at Harvard was hand-delivered to a member of the Anonymous Patriot’s Conclave a few days ago and published on their American Intelligence Media website (aim4truth.org).

For those with any interest in knowing whether or not Mark Zuckerberg is really the boy-genius founder of Facebook and author of the essential computer source code that anchors today’s social media giants, calling this letter ‘explosive’ may even be an understatement.

In terms of its authenticity, AIM said this as a preamble to the letter:

American Intelligence Media has been able to quickly verify that many of the claims insinuated in this “Zuckerberg Dossier” are true and this leads us to conclude that the document is authentic and exactly what it appears to be. The true authorship of this Zuckerberg Dossier is evident to members of the Conclave, but that supposition is speculation and the Conclave does not deal in speculation. Though, if one were to listen carefully to the admission of guilt by Sean Parker (a long-time executive of Facebook) which he made repeatedly before the press, you will hear that Sean knew all about the true creation of the social media giant and its evil intents and fingers the culprits.

Therefore, it is not hard at all to figure out who may have written this expose on Mark Zuckerberg’s Facebook evil. You can even see the true motivation for writing this “tell all” about Zuckerberg at this time in history, just as Facebook is facing all kinds of charges, including  anti-trust violations.

From my perspective, I have tried to establish the credibility of this letter in terms of its consistency and its coherence with established facts, as well as with many of the other allegations surrounding this matter. Piecing together many aspects of this story, let’s see if we can arrive at a cohesive whole that appears to be the likeliest of explanations for what is going on now at Facebook and in the social media arena in general.

LifeLog

Our story starts with a project called ‘LifeLog,’ the handiwork of the Defense Advanced Research Projects Agency (DARPA)

Read the rest of this entry »

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The Tech Industry’s Psychological War on Kids – Richard Freed – Medium

Posted by M. C. on June 29, 2019

According to B.J. Fogg, the “Fogg Behavior Model” is a well-tested method to change behavior and, in its simplified form, involves three primary factors: motivation, ability, and triggers. Describing how his formula is effective at getting people to use a social network, the psychologist says in an academic paper that a key motivator is users’ desire for “social acceptance,”

While social media and video game companies have been surprisingly successful at hiding their use of persuasive design from the public, one breakthrough occurred in 2017 when Facebook documents were leaked to The Australian. The internal report crafted by Facebook executives showed the social network boasting to advertisers that by monitoring posts, interactions, and photos in real time, the network is able to track when teens feel “insecure,” “worthless,” “stressed,” “useless” and a “failure.” Why would the social network do this? The report also bragged about Facebook’s ability to micro-target ads down to “moments when young people need a confidence boost.”

https://medium.com/@richardnfreed/the-tech-industrys-psychological-war-on-kids-c452870464ce

Richard Freed

We called the police because she wrecked her room and hit her mom… all because we took her phone,” Kelly’s father explained. He said that when the police arrived that evening, Kelly was distraught and told an officer that she wanted to kill herself. So an ambulance was called, and the 15-year-old was strapped to a gurney, taken to a psychiatric hospital, and monitored for safety before being released. Days after being hospitalized, Kelly was brought to my office by her parents who wanted to get help for their troubled girl.

Kelly’s parents spoke first. They said that their daughter’s hospitalization was the culmination of a yearlong downward spiral spurred by her phone obsession. Kelly had been refusing to spend time with her family or focus on school. Instead, she favored living her life on social media. A previously happy girl and strong student, Kelly had grown angry, sullen, and was now bringing home report cards with sinking grades. Kelly’s parents had tried many times in prior months to set limits on their daughter’s phone use, but she had become increasingly defiant and deceitful, even sneaking on her phone at all hours of the night.

When Kelly’s latest report card revealed a number of failing grades, her parents felt compelled to act. They told Kelly early in the afternoon on the day the police were called that she would need to turn in her phone by 9 p.m. But when the time came, Kelly refused, and a pushing match ensued between her and her parents, concluding in the violent tantrum that led the girl to be hospitalized.

I asked Kelly, who was sitting in a corner, to help me understand her perspective on that evening. She didn’t respond and instead glared at her parents. But then, surprising everyone in the room, she cried, “They took my f***ing phone!” Attempting to engage Kelly in conversation, I asked her what she liked about her phone and social media. “They make me happy,” she replied.

The Undoing of Families

As Kelly and her family continued their appointments with me in the coming months, two concerns dominated our meetings. The first was that Kelly’s unhealthy attachment to her phone continued, causing almost constant tension at home. The second concern emerged during my meetings with Kelly’s parents alone. Even though they were loving and involved parents, Kelly’s mom couldn’t help feeling that they’d failed their daughter and must have done something terribly wrong that led to her problems…

“Machines Designed to Change Humans”

Nestled in an unremarkable building on the Stanford University campus in Palo Alto, California, is the Stanford Persuasive Technology Lab, founded in 1998. The lab’s creator, Dr. B.J. Fogg, is a psychologist and the father of persuasive technology, a discipline in which digital machines and apps — including smartphones, social media, and video games — are configured to alter human thoughts and behaviors. As the lab’s website boldly proclaims: “Machines designed to change humans.” Read the rest of this entry »

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Banks Will Soon Be Obsolete | The Nestmann Group

Posted by M. C. on June 26, 2019

Facebook, Amazon, Google, and Apple haven’t exactly done a great job of protecting user data. But traditional banks aren’t doing much better – a recent study from security consultancy Positive Technologies revealed that more than half of banks with an online presence allow fraudulent transactions and theft of funds.

There will be nothing crypto about your spending habits. The government and the ankle grabbing digital banks will make sure of that.

https://www.nestmann.com/banks-will-soon-be-obsolete

By Mark Nestmann

Last week, social networking giant Facebook announced that it plans to create what it calls an “alternative financial system” based on a cryptocurrency called the Libra. The crypto will be backed by a basket of currencies to keep its value stable.

Pundits immediately pronounced that the Libra could represent the beginning of the end for traditional banking. But while Facebook’s plunge into this space is the most ambitious effort by a Fortune 500 company to profit from the crypto market, the company hasn’t exactly done a stellar job of protecting user data. That makes me skeptical of its ability to safeguard your money.

Last October, Facebook announced that hackers had compromised more than 30 million accounts by taking advantage of vulnerabilities that have now been patched. A month later, researchers uncovered a vulnerability in Facebook Messenger that hackers could use to reveal the identity of the people with whom you exchanged messages. And who can forget the seemingly innocent quizzes that were used to gain access to 50 million Facebook accounts in an effort to affect the outcome of the 2016 presidential election?

It’s one thing to load photos of your cat doing stupid tricks onto your Facebook account. It’s quite another to trust the company with your money. Although Facebook says that Libra’s governance model will ensure “separation between social and financial data,” I suspect Libra will appeal mainly to people who don’t have bank accounts and have no practical way to open them. Facebook cited a figure of 1.7 billion adults in this category, with nearly half of them living in Bangladesh, China, India, Indonesia, Mexico, Nigeria, and Pakistan.

Still, the launch of the Libra is a proverbial shot across the bow for the banking industry. And it couldn’t come too soon.

Our global financial system is built on the flawed foundation of a poorly understood concept called fractional reserve banking…

The biggest risk of fractional reserve banking is, of course, the “bank run.” If a bank lends out too much of the funds on reserve and everyone wants their money at once, the bank won’t be able to pay everyone. Deposit insurance schemes evolved in the 20th century to shield bank customers from this possibility. As a result, bank customers in most countries treat their deposits, including those that are uninsured, as if they’re 100% backed by actual reserves.

Then came the 2013 Cyprus financial crisis and the collapse of the country’s banking system. In exchange for a €10 billion bailout from the European Central Bank, Cyprus agreed to force uninsured depositors to submit to a “bail-in.” Instead of getting their money back, depositors holding uninsured accounts that exceeded €100,000 received stock in the failed bank. Uninsured depositors at the worst-capitalized bank that failed lost all their money.

Bank regulators around the world quickly took notice, and by the end of 2014, decided to extend the bail-in model worldwide. Deposits in banks that are “too big to fail” will be “promptly recapitalized” with their “unsecured debt.” This avoids the taxpayer-funded bailouts that proved so politically unpopular during the 2008–2009 financial crisis.

And the largest chunk of unsecured debt is your bank deposits. Insolvent banks will recapitalize themselves by converting your deposits into stock…

Facebook, Amazon, Google, and Apple haven’t exactly done a great job of protecting user data. But traditional banks aren’t doing much better – a recent study from security consultancy Positive Technologies revealed that more than half of banks with an online presence allow fraudulent transactions and theft of funds. But security is likely to gradually improve, and the tech giants will provide much-needed competition for what was for many years an effective payments monopoly by fractional reserve banks.

I look forward to the day when the fractional reserve banking system takes its last breath.

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mark of the beast

The Mark of the Beast

 

 

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Guardians of money bristle at Zuckerberg’s new financial order

Posted by M. C. on June 24, 2019

Having custody of your own assets rather than depositing them in a bank is a totally different paradigm

The obvious Facebook concerns aside, digital money that the owner can actually control is the problem.

Bitcoin was originally envisioned as private banking. No one could stick it’s nose in your business. Facebook’s Libra? Forgettaboutit.

Privacy – there will be none, this is a Facebook/CIA project. Control – It’s extent is yet to be seen. Don’t get your hopes up.

The point of digital currency from a government/bankster perspective is to control your “money”. The bank wants to charge you to store your electrons. Interest? That’s funny!

Everyone wants to know your business. There will be no “crypto”.

The government wants banks to be able to shut you off at the flick of a switch. The bank and the government want to be able to give you haircut when things get bad.

This is a war on you and your cash.

https://www.bnnbloomberg.ca/guardians-of-money-bristle-at-zuckerberg-s-new-financial-order-1.1277277

Alastair Marsh

–With assistance from Michelle Jamrisko.

Facebook Inc. was hours away from the formal announcement of its ambitious foray into financial services, but French Finance Minister Bruno Le Maire was already broadcasting his discontent.

“It’s out of the question’’ that the social-media giant’s digital money compete with sovereign currencies, Le Maire said.

That was just the first shot in a torrent of criticism and skepticism from policy makers around the world. U.S. House Financial Services Committee Chair Maxine Waters promised an aggressive response from Congress. Former European Central Bank Vice President Vitor Constancio called the initiative “unreliable and dangerous.”

Led by the social network with more users than the combined population of China and the U.S., the project represents a potential challenge that the guardians of money have never faced: a global currency they neither control nor manage. And while the megabanks and their regulators face no short-term threat to their command of finance, advocates of cryptocurrency say the future has arrived and that there’s no turning back.

“It is the beginning of a new financial system where current gatekeepers are substantially less relevant,’’ said Joey Krug, co-chief investment officer at Pantera Capital, founded in 2013 as the first U.S. investment firm focused on Bitcoin.

Called Libra, Facebook’s new currency will launch as soon as next year. It will initially be used for sending money among friends, family and businesses through the Messenger and WhatsApp services and then be used for routine transactions.

Facebook founder Mark Zuckerberg’s ambitions extend beyond simply minting a new coin. The Libra token would contribute to a fairer world, where those now excluded from the banking system would have ready access to cheap and easy payments and financial services, according to a company white paper.

Libra is the latest example of how tech companies including Apple Inc and Amazon.com Inc have ventured into the financial industry, offering everything from payments to money management and lending. While finance currently makes up a fraction of their business, giant companies with huge customer bases have the potential to trigger rapid changes in the industry and introduce new risks, according to a report Sunday by the Bank for International Settlements.

“Technology is changing the basis of competition,’’ says Huw van Steenis, senior adviser to Bank of England Governor Mark Carney. “It’s tearing up walls between businesses. It’s not just Facebook trying to do a currency.’’

Moving into the heavily regulated financial-services industry via cryptocurrencies, which are seen by many officials as nothing more than a conduit for financing illicit activities, Facebook has shown little reluctance to lessen its confrontation with authorities…

Meanwhile, Waters said Libra is “like starting a bank without having to go through any steps to do it,” and that it’s seeking to “compete with the dollar without having any regulatory regime that’s dealing with them.”

While Libra is designed to be less volatile than cryptocurrencies like Bitcoin and is backed by a basket of securities and traditional currencies, some question how a technology company will interact with the monetary system. “I’m not entirely convinced that a tech company, at the end of the day, can be held accountable,” said Vishnu Varathan, head of economics and strategy at Mizuho Bank in Singapore.

There are still many questions about how it will operate and its success is far from guaranteed. Yet the endeavor is being taken seriously by the financial-services industry because of Facebook’s scale and its already vast impact on the world.

While Facebook is now trying to sign up banks to the association governing the token, its new system is a challenge to banks that often act as middlemen in virtually all transactions, according to Charles McGarraugh, a former Goldman Sachs Group Inc. partner who has moved into the digital world as head of markets at cryptocurrency-wallet provider Blockchain.com.

“We are witnessing a re-orientation of financial services,’’ said McGarraugh. “Having custody of your own assets rather than depositing them in a bank is a totally different paradigm and a superior system to the too-big-to-fail construct that dominates the market now.’’

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UD/RK Samhälls Debatt | Ett rättframt, öppet och ...

 

 

 

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Elizabeth Warren’s Antitrust Crusade – LewRockwell

Posted by M. C. on June 19, 2019

https://www.lewrockwell.com/2019/06/dom-armentano/elizabeth-warrens-antitrust-crusade/

By

Elizabeth Warren has made antitrust a major public policy issue in her campaign for the Democratic presidential nomination. She has argued that several high-tech companies such as Amazon, Google and Facebook are just too big and that they should be broken up by the Justice Department in a major antitrust initiative.

Let’s be clear. Using antitrust regulation to break up large companies is an economic and civil liberties nightmare. Those who advocate such policies always fall victim to what Friedrich Hayek termed the “fatal conceit; that is, the assumption that regulators (and the courts) somehow know better than market participants how goods and services should be produced and sold…

Elizabeth Warren has maintained that Amazon, Facebook, and Google are just too big; but too big for whom? She must know that simply being “too big” is not a violation of antitrust law. Indeed, the traditional mission of antitrust is to protect consumers from the high prices and anti-competitive practices established through “conspiracy” or through the exercise of “monopoly power” in some relevant market. Yet Facebook, Amazon and Google do not charge high prices; indeed, they do not charge ANY explicit price at all but secure the bulk of their revenue through advertising. And even if some of their economic or privacy practices are determined to be questionable at some point, that alone would hardly justify any legal divestiture.

The fact remains that all of these companies are successful because consumers freely and repeatedly use their services. They all compete in legally open markets where other firms are free to raise capital and offer alternatives. Disgruntled consumers that choose not to use the free services of Amazon or Google can easily mouse click to other search engines (Bing in the case of Google) and several other online retailers in the case of Amazon. And, of course, no one is forced to participate in the Facebook universe at all (your author does not) and opting out (if you are in) is always possible. So from a strict price and choice perspective, it would be difficult to make a convincing argument that divestiture is justified or would produce the results intended…

Antitrust has a very checkered past and those who advocate its use would do well to study its history more closely. After all, there is almost no economic problem, real or imagined, that cannot be made worse by inappropriate government regulation. Antitrust is no exception.

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The U.S. Wrongfully Deports Its Own Citizens | Especially ...

 

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