Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Have the tech giants – Amazon, Apple, Facebook, Google and Microsoft – grown too big, rich and powerful for regulators and politicians ever to take them on?While that might be good news for the tech oligarchs, whether it is good for the economy is not clear.Still, one has to worry that the big five tech firms have become so dominant, so profitable and so encompassing that it has become difficult for startups to challenge them, thereby stifling innovation.Perhaps the most urgent intervention is to weaken Big Tech's grip on our personal data, a grip that allows Google and Facebook to develop targeted advertising tools that are taking over the marketing business.The European Union's new General Data Protection Regulation now requires firms to allow consumers – albeit only those in the EU – to port their data.In their important recent book Radical Markets, the economists Glen Weyl and Eric Posner go one step further and argue that Big Tech should have to pay for your data, instead of claiming it for their own use. Right now Big Tech is as much a part of the problem as it is a part of the solution.
of a progressive consumption tax
And what about Rochester?
The case for a World Carbon Bank
FOLLOW THIS ARTICLE