–“Quote: If FAMGA dropped off the face of the Earth, “Nearly all of your electronic devices would either stop working or would disappear, the internet would become nothing short of mass chaos, nearly all e-commerce activity would halt, and your undying thirst to watch cat videos would forever go unquenched.””—Matt Hulbert
These companies are protected by a combination of
1) effectively unlimited access to speculative credit markets;
2) domestic intellectual property rights;
3) ability to grind the court process;
4) unconstitutional (irreciprocal) disintermediation of the public from juridical defense in matters of the commons; 5) unhealthy american habit of inaction on consumer protection;
6) the slow pace of american legal adaptation to novel monopolies (Oil, Telecom, now internet service providers); 7) And at least, recently concern that such interference cascade would expose the weakness of the economy and its dependence on debt (financialization) and a narrow distribution of tech companies whose assets are being duplicated in china where none of these american ‘issues’ are a problem.
I’m a conservative libertarian but our lack of consumer protection is criminal – tech is just obvious. Credit is even more criminal. I’ve lived in a very poor country (Ukraine) born costs in many, and there is no reason for most of the absurd costs we pay for what have converted from luxuries to infrastructure.
Google is the national resource location platform, amazon the national shopping and delivery platform, and Facebook the national communication platform.