Tech giants growing dominance is giving rise to an insidious trend

We are all now users of big tech in our everyday lives in America and over most of the world for that matter. What is not so obvious is the almost total control that is beginning to be exerted by just these technical giants. What news you hear, what you can find when you search for it, and what you buy are now mostly controlled by these firms. It has become a monopolistic environment. Want to know how bad? Read this.

As Written and Reported By Kevin Carty for the New York Post:

America’s biggest tech giants are nothing if not popular. Apple, Google, Facebook and Amazon rank as some of the most well-liked brands in the world. Pollsters find that 86 percent of Americans hold a favorable view of Google and 80 percent share a favorable impression of Amazon. The reason is simple — these companies’ products are entertaining, accessible and seemingly cheap.

But their growing dominance is giving rise to an insidious trend that we shouldn’t so happily accept. Just last week, billionaire philanthropist George Soros gave a speech in Davos, Switzerland, in which he attacked Facebook and Google for “inducing people to give up their autonomy” and driving inequality. He’s not wrong. In fact, tech giants are just like the monopolists and robber barons that ruled the American economy a century ago. But, while Standard Oil’s monopoly was as obvious as the smoke-belching refineries it controlled, the powers of Facebook, Google, Apple and Amazon are less transparent — if not entirely secret.

An average Facebook user has no way of knowing or appreciating the mountain of data the company has collected on them. And the average Amazon shopper is unlikely know that the site steers customers toward its preferred (and often more expensive) products. America’s biggest tech giants have at least as much power as John D. Rockefeller and …..

THERE IS MORE HERE KEEP READING:

Tech giants are the robber barons of our time | New York Post

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