This post originally appeared on the Truth on the Market blog and is republished here with permission.
Utilities? Are you kidding? For an overview of what the future of tech would look like under Warren's"Platform Utility" policy, take a look at your water, electricity, and sewage service. Have you noticed any improvement in those services over the past 10 or 15 years? How about the roads? Amtrak? Platform businesses operating under a similar regulatory regime would also similarly stagnate.
Internet search. Or take search. Calls for"search neutrality" have been bandied about for years. But most proponents of search neutrality fail to recognize that all Google's search results entail bias in favor of its own offerings. As Geoff Manne and Josh Wright noted in 2011 at the height of the search neutrality debate:
Any agency granted a mandate to undertake such algorithmic oversight, and override or reconfigure the product of online services, thereby controls the content consumers may access…. This sort of control is deeply problematic… [because it saddles users] with a pervasive set of speech controls promulgated by the government. The history of such state censorship is one which has demonstrated strong harms to both social welfare and rule of law, and should not be emulated.
Both of Warren's policy"solutions" are misguided and will lead to higher prices and less innovation. Her cause for alarm is built on a multitude of mistaken assumptions, but let's address just a few : Like all entrepreneurs, Diapers.com's founders took a calculated risk that didn't pay off as hoped. Amazon subsequently acquired the company . . And no, this was not a case of predatory pricing. After many years of trying to make the business profitable as a subsidiary, Amazon shut it down in 2017.
But this trend predates the existence of the companies she criticizes, as a recent chart from Quartz shows.
Shameful article. Why are you trying to preserve the status quo, CNBC?
Who has ever thought utilities were run for the good of the people? Ask Californians about PG&E
For the most part it already is the sewer
A leprechaun must have visited her in the night. She has the gift of gab but has never reasonably explained the problem or how a breakup would solve it. Sounds more like a government taking without just compensation.
The LEFTISTS will let her
Ah yes , the original college cheat. Caring what she thinks, yeah right.
I kind of think she's a nut.. when I listen to her I just can't seem to comprehend because of the screaming and the noise I don't know call me crazy
The click bait is strong in this one 🙄🙄🙄
Back to smoke signals.
What Republican swine made that statement ?
How all-powerful can these scary liberal tech giants be if we still gotta patsy CPP nationalist in the white house after americans voted Hillary?
The Cherokee Nation will be the governing body!