A Strong Step Toward an Antitrust Revival

A Strong Step Toward an Antitrust Revival

A Strong Step Toward an Antitrust Revival

Taking on technology’s Big Four isn’t for the faint of heart.

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EDITOR’S NOTE: Each week we cross-post an excerpt from Katrina vanden Heuvel’s column at the WashingtonPost.com. Read the full text of Katrina’s column here.

Largely lost last week amid the spectacle of President Trump turning the White House into a Covid-19 hot spot was a Washington rarity in these polarized times: Congress doing its job.

The House Judiciary subcommittee on antitrust issued a remarkable report of its 16-month investigation into the monopoly power wielded by four of America’s Big Tech companies: Amazon, Apple, Facebook, and Google. The 449-page document details the costs and abuses of those monopolies and calls for strengthening antitrust laws and enforcement, including cracking down on mergers and requiring the four behemoths to spin off parts of their businesses.

The subcommittee revived a key function of Congress: the power to investigate, report, and set the stage for legislation. The report itself may become a keystone in a long-overdue dawning of progressive tech reforms.

Read the full text of Katrina’s column here.

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With the midterm elections now firmly upon us, the question is whether Democratic candidates will do more than merely occupy ballot lines as mild alternatives to the red-hot crisis that is Donald Trump.

As Trump spends over $1 billion a day on a globally destabilizing war on Iran and admits that he doesn’t “think about Americans’ financial situation,” millions across the country are struggling with the surging costs of essentials. Democrats must seize this moment and advance bold, small-“d” populist ideas—not settle for cynical caution that once again snatches defeat from the jaws of victory.

The Nation elevates progressive ideas, movements, and elected officials achieving real change across the country into the national conversation. At the same time, our journalists are exposing how crypto and AI-funded super PACs are spending hundreds of millions of dollars to knock out candidates they oppose, reporting on the devastating impact of the Supreme Court’s evisceration of the Voting Rights Act, and sounding the alarm on attempts by red states to quickly redraw electoral maps, disenfranchising Southern Black voters.

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Onward,

Katrina vanden Huevel
Editor and Publisher, The Nation

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