Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 17/01/2021 09:16 
12.01.2021 15:42 News >> Biden, Congress Should Expand Tech Antitrust: Report

Biden, Congress Should Expand Tech Antitrust: Report

Report calls for administration, lawmakers to expand actions against Google, Facebook.

US President-elect Joe Biden's administration and the Congress should expand their antitrust actions against monopolies and large tech firms to protect American economy and consumers, according to a report.
"Concentrated economic power has reached extreme proportions in virtually every sector of the economy," Washington-based anti-monopoly group The American Economic Liberties Project said in its report published on Monday.
Monopoly power causes serious economic challenges, such as inequality, healthcare costs, bankruptcies, reduced entrepreneurship and productivity, the report said, and called for lawmakers to take broader action against monopolistic behavior.
In addition to big tech, the foremost sectors listed in the report requiring attention include telecommunications, banking, hospitals, defense contracting, pharmaceuticals, and retail.
The group is led by Sarah Miller, a member of Biden's transition team, who lately has brought more attention to the need of antitrust action against big tech.
There has been separate lawsuits from October to December against both social media firm Facebook and internet company Google for their anticompetitive behavior in technology.
The report called for the Biden administration and lawmakers to expand existing antitrust actions against Google and Facebook by undoing problematic mergers and reviving old regulatory tools, in order to "break up and regulate dominant corporations across the economy."
"... the Biden-Harris administration and Congress must take to begin reversing corporate concentration to protect workers, small businesses, communities, and democracy itself from monopoly power," the report said.
"In concert with a Biden administration committed to restoring fair competition, Congress can advance remedies to arrest and reverse the concentration of corporate power, strengthen antitrust law, and reinvigorate enforcement," it added. -



        Latest News
Diary 7 minutes ago...
Here are the main topics Anadolu Agency's English Desk plans to cover on Sunday, Jan. 17, 2021.
Turkish Messaging App Booms In Bangladesh 7 minutes ago...
Bangladeshis turn to BiP amid privacy concerns on Facebook owned WhatsApp.
Anadolu Agency's Morning Briefing - Jan. 17, 2021 -38 minutes ago...
Daily briefing on novel coronavirus pandemic worldwide, Turkey, other developments.
Israelis Continue Anti-Netanyahu Protest -23 minutes ago...
Protestors demand resignation of Prime Minister Benjamin Netanyahu.
Palestine Group Says News About Election False -23 minutes ago...
Popular Front for the Liberation of Palestine denies decision about elections before national dialogue.

 
      Top News
Palestine Group Says News About Election False Palestine Group Says News About Election False
Football: Fenerbahce Hints At Signing Mesut Ozil Football: Fenerbahce Hints At Signing Mesut Ozil
Turkish, Azerbaijani Leaders Discuss Bilateral Ties Turkish, Azerbaijani Leaders Discuss Bilateral Ties
Museveni Named Winner Of Ugandan Presidential Elections Museveni Named Winner Of Ugandan Presidential Elections
Linkedin To Appoint Local Representative In Turkey Linkedin To Appoint Local Representative In Turkey
Nepal Soil Will Not Be 'Misused' Against Neighbors: FM Nepal Soil Will Not Be 'Misused' Against Neighbors: FM
Palestine Set For 1St National Elections In 14 Years Palestine Set For 1St National Elections In 14 Years
EU To Debate Idea Of Travel Vaccination Certificate EU To Debate Idea Of Travel Vaccination Certificate
Turkish President, Italian Premier Discuss Bilateral Ties Turkish President, Italian Premier Discuss Bilateral Ties
Turkish Resort City Antalya Remains As Tourism Hotspot Turkish Resort City Antalya Remains As Tourism Hotspot