Saudi Press

Saudi Arabia and the world
Saturday, Feb 22, 2025

Democrats And Republicans Are Talking About Breaking Down Big Tech Monopolies

Democrats And Republicans Are Talking About Breaking Down Big Tech Monopolies

Politicians in Congress are talking about returning to the days of robust anti-monopoly enforcement.
There's a growing bipartisan appetite in Congress to crack down on big tech, with progressive Democrats and conservative Republicans preparing to flex the federal government's anti-monopoly powers.

The Senate began hearings this week on antitrust law. Senators expressed different philosophies and concerns, but they all agreed on at least one key point: Tech giants like Google, Facebook, and Amazon have become too powerful.

It's the latest sign that Congress is ready to jump into a decadeslong vacuum created by marginal action from federal regulators as the tech sector became increasingly concentrated. Lawmakers discussed ways both to stop tech giants from growing larger in the future and steps that could be taken to chip away at their existing dominance.

“Why should any dominant corporation be able to merge with any other entity?” Sen. Josh Hawley, a Republican, said in a Thursday hearing after rattling off a long list of companies owned by Google. “Why should Google, for instance, or Facebook be able to buy anything else given their dominant size?”

Sen. Marsha Blackburn, also a Republican, blasted tech giants for cornering the online ad market while local newsrooms endure round after round of cuts. Three companies — Google, Facebook, and Amazon — take in about two-thirds of all online advertising dollars. “Every one of these newsrooms have experienced the loss of reporters, which is the loss of journalism, which is the loss of insight of the people into issues,” said Blackburn.

But politicians still don’t agree about exactly what should be done. The Senate Antitrust subcommittee’s new Democratic chair, Sen. Amy Klobuchar, is sponsoring legislation to beef up government antitrust enforcement, tighten rules on which mergers are permissible, and force merging parties to prove their merger would not violate the law, among other measures. She’s trying to get bipartisan support for that and other reforms, which could include Australia-style requirements on tech giants to pay media outlets for producing news. Republicans are leery.

Sen. Mike Lee, the Republican ranking member on the Antitrust subcommittee, said at the beginning of the hearing he opposed government intervention and a “sweeping transformation” of antitrust laws. But before long he, too, was talking about the need to curtail big tech companies.

Lee outlined his concerns about what happened to Parler, a social media platform favored by conservatives that was removed from the Apple app store and briefly taken offline altogether.

Lee questioned whether it’s even possible for upstart competitors to challenge platforms like Facebook and Twitter in the current environment. “‘Build your own’ sounds really nice in theory, but in this instance, I’m not sure it works in practice. Do we have an entry problem?” he asked.

One recurring theme from witnesses during the hearing was the once-robust enforcement of antitrust legislation that dramatically broke up rail and telecom monopolies, had fallen into disuse in modern times. At one point, Open Markets Institute Executive Director Barry Lynn argued that Amazon should be barred from both running a marketplace and selling products on that marketplace — competing against other sellers all while being able to use their sales information against them.

“There should never be competition between the provider of services and the customer of those services,” said Lynn. “It’s a conflict of interest. Traditionally we have always prohibited this — we can trace it back in US federal law to baking policy in the 1860s. There’s nothing new here, what’s new is that we haven’t applied these kinds of rules to these corporations today.”

The political movement toward cracking down on tech companies is anything but an organized coalition. Many Republicans have accused social media platforms of discriminating against conservative voices. Democrats have mostly rolled their eyes at this and argued that the real problem is a lack of moderation allowing disinformation and hate speech to flourish.

Klobuchar told BuzzFeed News before the hearing that she believes there is enough common ground to craft reforms that could get enough bipartisan support to pass a narrowly split Congress. “This is exactly what was going on in the Gilded Age,” she said, drawing a comparison from small companies trying to compete with the likes of Amazon to local farmers trying to negotiate with rail monopolies a century ago.

She closed the meeting Thursday by saying the subcommittee will hold more hearings on how to curtail monopoly power. “It feels like every century we take on laws in this way,” said Klobuchar. “And this is our moment.”
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia and the United States Strengthen Ties Amid Global Developments
Saudi Arabia Hosts Global Conference to Promote Islamic Unity
The Impact of Artificial Intelligence on Education and Child Development
Saudi Arabia Announces Competition for Best Founding Day Outfits
Saudi-EU Food Security Officials Hold Talks to Strengthen Collaboration
Putin Expresses Gratitude to Saudi Crown Prince for Hosting US-Russia Talks
UK and Saudi Arabia Enhance Collaboration in Innovation and Technology
Denmark's Embassy in Riyadh Showcases Danish Cuisine with Saudi Influence
Saudi Artist Salman Al-Amir Unveils 'Tafawut' Exhibition in Riyadh
Saudi Arabia Offers Condolences to Kuwait Following Military Exercise Fatalities
Saudi Ministry of Islamic Affairs Completes Ramadan Preparations in Madinah
Etidal Secretary-General Hosts UN Counter-Terrorism Director in Riyadh
ADNOC Drilling Targets Over $1 Billion in Investments for 2025 Amid Gulf Expansion Plans
Derayah Financial Achieves Remarkable Growth in Saudi Brokerage and Asset Management
Saudi Arabia Shortlists 30 Firms for Mining Licenses in Eastern Province and Tabuk
Saudi Foreign Minister Engages Counterparts at G20 Meeting in Johannesburg
Oil Prices Decline Amid Rising US Inventories
Saudi Arabia's NDMC Plans Green Bond Issuance by 2025
Moody’s Affirms Egypt’s Caa1 Rating Amid Positive Economic Outlook
Oman and Saudi Arabia Strengthen Economic Ties with New Agreements
Saudi Arabia Investments Propel Expansion of Qurayyah Power Plant
Saudi Capital Market Authority Advances SPACs and Direct Listings
Global Energy Leaders Gather in Riyadh for Symposium on Energy Outlooks
Al-Ahsa Region Sees 500% Growth in Tourism as Saudi Arabia Prioritizes Development
Saudi Arabia Advances Entrepreneurial Ecosystem in Al-Ahsa with New Agreement
King Salman Approves Official Saudi Riyal Symbol
Saudi Credit Card Lending Reaches $8.4 Billion Amid Digital Payment Expansion
King Salman Approves Official Symbol for Saudi Riyal
Putin Thanks Saudi Crown Prince for Facilitating U.S.-Russia Discussions
Saudi Foreign Minister Attends G20 Meeting in Johannesburg
Saudi Arabia Prepares for Nationwide Founding Day Celebrations
Inauguration of Hira Park and Walkway Enhances Jeddah's Urban Landscape
Crown Prince Hosts Leaders for Informal Meeting in Riyadh Amid Gaza Rebuilding Plans
Saudi Official Highlights Achievements and Media's Role in National Transformation
Three Expatriate Women Arrested for Prostitution in Riyadh
Saudi Arabia's Diplomatic Evolution Highlighted at Saudi Media Forum
Healthy Eating and Preparation Essential for Ramadan Fasting
Saudi Arabia and Japan Forge Sustainable Textile Partnership
Advanced Limb Surgery Restores Mobility in Pediatric Cancer Patient
Jeddah Event Explores AI's Role in Boosting Saudi Arabia's SME Sector
UN Representative Highlights AI's Role in Perpetuating Gender Stereotypes
Saudi and Jordanian Leaders Discuss Enhanced Security Cooperation in Amman
Saudi British Society Honors Cultural Bridge-Builders at London Gala
Saudi Media Forum 2025 Explores AI's Role in Modern Journalism
Saudi Arabia's Saqer Al-Moqbel Appointed as WTO General Council President for 2025–2026
Saudi Deputy Ministers Engage in Diplomatic Discussions with U.S. and Dutch Officials in Riyadh
Saudi Arabia to Launch Iftar Program in 61 Countries During Ramadan
Saudi Visitors Expected to Spend £942 Million in UK During 2025
Saudi Arabia Gifts Kaaba's Kiswah to Uzbekistan's Center of Islamic Civilization
Digital Cooperation Organization Concludes Fourth General Assembly with Multiple Agreements
×