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Warren’s proposed big tech breakup is an attack against Reagan’s policy on consumer welfare

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Warrens proposed big tech breakup is an attack against Reagans principle of consumer welfare

When Senator Elizabeth Warren posted her reasons and plan for breaking up big tech companies like Google, Facebook, and Amazon, I didn’t read it. At the time, she wasn’t really a blip on the nomination radar. But now, she’s one of the frontrunners, so I’ve taken an interest in reading her policy proposals. They’re generally awful, but none of them are more asinine than wanting to break up big tech.

It’s not that big tech doesn’t deserve a reckoning. I’m all on board for a consumer and user approach to bringing an end to their massive reach, mostly because they’re so left-leaning in their practices and draconian in their dealings with conservatives and Christians that we need alternatives. But what Warren is proposing is both illogical and dangerous. Her end goal isn’t to break up big tech for the sake of competition. It’s to bring the services offered by these big tech companies under more government control.

If you think they’re bad now, just let DC get their hands on the steering wheel. Warren’s proposal will take things from bad to much, much worse.

When Ronald Reagan and Robert Bork examined the way antitrust laws broke up companies when they got too big, they determined something that should have been common sense before. Perhaps it was, but the addiction to corporate breakups and merger-blocking was popular in the United States since the dismantling of Standard Oil by Theodore Roosevelt. Politicians sought big wins for the American consumers, but their intentions morphed over the decades to a state of hyperbole.

Reagan and Bork fixed this by establishing “consumer welfare” as the guiding force of antitrust laws. Instead of asking whether or not a company was needing to be broken up because it’s too big, the philosophy wanted the question changed to whether or not breaking up a company would benefit the consumers. Like I said, it’s common sense today but before the 1980s, big companies would be broken up and mergers would be blocked even if doing so would harm consumers.

Such is the case for Warren’s proposal. She wants to break these companies up because she says they stifle innovation and force people to use their services. But here’s the problem. The use of their services, in and of itself, isn’t detrimental to consumers. Amazon might have a lock on eCommerce, but consumers aren’t paying more as a result of their dominance. Google might have the market cornered on search, but nobody is forced to use their search engine over Bing, DuckDuckGo, or any others. Facebook may have bought WhatsApp and Instagram because they viewed them as competitors, but the acquisitions did not harm the ecosystems in which users participate in social media.

Again, and I have to be very clear about this, I’m NOT defending the actions or ideologies present in these companies. We, the people, must oppose the way they’re shaping the narrative and pushing their progressive agenda in everything from politics and religion to media and education. But getting the government involved to break up these companies will do absolutely nothing to right the course of public narrative. If anything, there’s more accountability within companies as large as they are because all eyeballs are on them. Moreover, government involvement in any industry is the death knell for efficiency and innovation within it.

This video by Business Casual breaks down the logistical reasons why Warren’s proposal won’t work.

It’s incumbent on patriotic Americans, not the American government, to put big tech companies in their place. Warren’s proposal to bring in DC to save the day would be disastrous for more than the companies. It will harm all Americans who use them.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Economy

Steve Hilton: While Trump haters pray for a recession, the real economy is booming

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Steve Hilton While Trump haters pray for a recession the real economy is booming

Americans believe in the Trump economy. It’s been helping them get jobs if they’re unemployed and better jobs if they were underemployed. It has raised wages, reduced taxes, and increased consumer spending to all-time highs. Even if you’re like many Americans who do not care about the stock market, Wall Street’s effects on Main Street are felt.

But if you listen to mainstream media, you’re likely hearing a different story. The fearmongers are actively attempting to crash the economy in hopes of using a recession against the President when the 2020 election rolls around. It’s disgusting when consider millions of Americans would be hurt by such a move, but the people pressing this false narrative are the same people who will be able to easily survive it. If their families relied on the prosperity the Trump economy is allowing, perhaps they’d think twice.

As Fox News host Steve Hilton pointed out, reality is not matching the narrative being pushed by the left. The more people are aware that recession talks are fake, the less likely they’ll become a self-fulfilling prophecy.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Economy

What mainstream media knows: Fear of recession causes recessions

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Fear of recession causes recessions and the media is hoping to do it again

President Trump’s concerns over mainstream media outlets painting the economy as being on the verge of recession are legitimate. He’s well aware that perceptions drive large portions of the economy. Fears that the market might tumble cause people to sell, which then makes the market tumble. Businesses concerned about the economy slowing may stop hiring, which helps the economy to slow. The circular reasoning becomes a self-fulfilling prophecy, which is why the President’s concerns are real.

And the media is playing it up like the rest of the fake news they’re peddling in hopes that stoking fears will prove their premise correct.

It doesn’t matter to them how many people get hurt by this dastardly propaganda technique. They have one goal: Make Trump lose in 2020. If they knock off the Senate Majority and keep the House, that’s a plus as well. But the President is their sole target.

The funny part in this whole scenario is they’re blaming the one progressive component in President Trump’s economic plan for the worldwide economic downturn they’re predicting. The trade war with China is modeled after Senate Minority Leader Chuck Schumer’s and presidential candidate Bernie Sanders’s plan. This is, of course, conveniently overlooked as they’ve inverted the stances on tariffs to make them wholly owned by President Trump.

Speaking of inversions, the buzzword of the week is “inverted yield curve.” In layman’s terms, it’s a sentiment indicator that shows when it’s cheaper for the government to borrow for ten years rather than two. It goes against conventional economic wisdom and is claimed to be a precursor to recession. But there’s one factor in the current curve that’s not being taken into consideration. This market-based fear is not a worry about the current or near-future economy as much as it’s an indicator the prospects of Democrat winning the White House in 2020 will erase the progress that has been made in the economy.

In other words, the fearful dollar brokers are so scared of Democratic economic policies, they’re not willing to bet on the economy should a Democrat take over.

There’s a solution: Stop listening to the polls. As we learned in 2016, polls in the days leading up to the election were highly inaccurate. This far from the 2020 election, hypothetical head-to-head polling as completely useless. But it does drive fear, lending itself to the agenda being pushed by progressive media to help tank the economy by telling everybody the economy is about to tank.

Expect more economic lies from fake news media in the coming weeks. They’re pushing hard to destroy the economy regardless of how many Americans suffer from it. It’s a kamikaze mission to take down the President at any price.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Economy

Hogan Gidley echoes Trump: Media are pushing a recession

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Hogan Gidley echoes Trump Media are pushing a recession

Deputy White House Press Secretary Hogan Gidley joined Fox News host Howard Kurtz to discuss the media’s concerted and coordinated efforts to destroy the economy by stoking fears and making false claims about a recession that can only happen if they convince the people it will.

My colleague noted yesterday that the media isn’t reporting on actual bad news about the economy, but was instead trying to scare people into unwittingly participating in hurting the economy. They know the economy ebbs and flows based on perceptions and with the 2020 elections around the corner, they also know the President’s best case for reelection is the amazing prosperity millions of Americans are enjoying since he took office.

There is no doubt the left in both DC and newsrooms across the country are going to try to dismantle the economy by convincing people it’s getting bad. The only question is whether the people will believe them enough to make it true.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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