In 2019 the European Union and U.S. Democratic Presidential Candidate Elizabeth Warren issued proposals that would regulate Facebook, Google and Amazon. Senator Warren proposed that the U.S. government should designate tech companies who have global revenue of over $25 billion as “platform utilities" and break them up into smaller companies. Senator Warren argues that the companies have “bulldozed competition, used our private information for profit, and tilted the playing field against everyone else.” Lawmakers in the European Union proposed a set of rules which include a blacklist of unfair trading practices, requirements that companies set up an internal system to handle complaints and allow businesses to group together to sue platforms. Opponents argue that these companies have benefited consumers by providing free online tools and bring more competition into commerce. Opponents also point out that history has shown that dominance in technology is a revolving door and that many companies (including IBM in the 1980’s) have cycled through it with little to no help from the government.
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I believe the NZ Government does not have the power to do so, but it does have the capacity to enforce regulations and work towards an understanding of what is and is not acceptable, especially in regards to online misinformation, fake news, and fair treatment of employees
What does "break up" mean? If it means taxing them and not allowing them to use tax havens (including NZ), then yes.
Curb their data-collection powers in general like the EU's GDPR. But try and incentivize them to invest in NZ - particularly Amazon to create jobs and set up a NZ base.
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