Competition is the name of the game in the U.S. market economy -in theory.
There are laws to prevent companies from becoming so big that they form a monopoly.
In the past, the federal government has acted to break up companies into smaller units, like they did with telecom giant AT&T in the 1980s. And they could do it again.
Four major tech companies are under scrutiny by the U.S. Congress.
CGTN’s Mark Niu reports.
To discuss:
- Mark Niu is a correspondent with CGTN America
- Adonis Hoffman is the CEO of The Advisory Counsel
- Robert Atkinson is the President of the Information Technology and Innovation Foundation
- Harry First is a professor of law at New York University
For More:
Big Tech's CEOs testified in a historic antitrust hearing last week. Now what happens? https://t.co/ZriNbF54TI
— Business Insider (@BusinessInsider) August 1, 2020
What you need to know from Congress' landmark big tech antitrust hearing https://t.co/Wq5pOHZHYP pic.twitter.com/Jsje9IcsQb
— Rolling Stone (@RollingStone) July 30, 2020