Congress forced Silicon Valley to answer for its misdeeds. It was a glorious sight | Matt Stoller

Source: The Guardian - View Original Article
Published: Jul 30, 2020
Category:
Bias Rating:

63% Liberal


Bias Score Calculation:

This article includes the following sentiments, providing an average bias score of 63% Liberal:

  • 1 positive sentiment for Taxes


Policies:

Taxes

Sentiments

  •   Liberal
  •   Neutral
99% "And then he quoted Louis Brandeis, who said, We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both."
97% "The 100-Year War Between Monopoly Power and Democracy"
85% "As David Cicilline put it: These companies as they exist today have monopoly power."
79% "As one told me about his relationship to Amazon, I'm a hostage."
75% "Hundreds of thousands of merchants now depend on Amazon's platform to sell goods, and Amazon has systemically hiked fees on them."
70% "The emails and information that Congress dug up were available to these enforcers, who nonetheless approved merger after merger, and refused to bring complaints against anti-competitive behavior."
60% "And then there's the fear."
50% "The nation lost 100,000 independent businesses from 2000-2015, a drop of 40%, many due to Amazon's exploitation of legal advantages from the avoidance of sales tax to its apparent violation of antitrust laws in underpricing rivals."
-51% "I'm not aware of that."
-60% "He had no answer."
-71% "I have reported on small and medium sized businesses frightened to come forward with stories of how they are abused by counterfeiting or unfair fees by the goliaths."
-77% "Or long rambling attempts to deflect, followed by members of Congress cutting them off to get answers to crisp questions."
-80% "While a few Republicans, like ranking member Jim Jordan, spent the hearing yelling about the supposed persecution of conservatives on social media, most of the subcommittee focused on genuine business problems."
-92% "It's no secret why small business formation has collapsed since the last financial crisis; these giant platforms tax innovation."
-95% "Congressman Cicilline asked about Facebook promoting incendiary speech and making money off advertising sold next to that speech."

We have listed the top 15 sentiments. More sentiments do exist. Please review the full article for more information.



*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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Contributing sentiments towards policy:

99% : And then he quoted Louis Brandeis, who said, "We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both.
97% : The 100-Year War Between Monopoly Power and Democracy
92% : Big tech's dominance has serious consequences.
91% : I learned two things from the surprisingly wan responses of these powerful men.
85% : As David Cicilline put it: "These companies as they exist today have monopoly power.
83% : Fortunately, the voices of small businesspeople afraid of retaliation came through their elected leaders.
83% : And two, antitrust enforcers for the last 15 years, stretching back to the Bush and Obama administrations, bear massive culpability for the concentration of wealth and power in the hands of these corporations.
81% : It's rare to see Congress cover itself in glory, but believe it or not, that's what happened.
79% : As one told me about his relationship to Amazon, "I'm a hostage.
75% : Hundreds of thousands of merchants now depend on Amazon's platform to sell goods, and Amazon has systemically hiked fees on them.
73% : I'll get back to you.
70% : The emails and information that Congress dug up were available to these enforcers, who nonetheless approved merger after merger, and refused to bring complaints against anti-competitive behavior.
69% : Bezos acted surprised, as he often did.
69% : Some need to be broken up, all need to be properly regulated and held accountable."
66% : Representative Jamie Raskin presented an email from an Amazon executive saying about one acquisition that, "We're buying market position not technology."
66% : Republican Representative Kelly Armstrong went into the details of Google's use of tracking to disadvantage its competitors in advertising, joined by Democrat Pramila Jayapal, who asked Google's CEO why the corporation kept directing traffic to its own network of properties instead of sending traffic to the best available result.
63% : "I pay 20% of my income to Uncle Sam in taxes, and 30% to Apple," one member of Congress noted she heard from businesspeople.
62% : The four-hour hearing on Capitol Hill offered a stunning illustration of the extent of misdeeds by Big Tech "Our founders would not bow before a king, we should not bow before the emperors of the online economy.
60% : The word both Republicans and Democrats used to describe their corporations was dominance, and as members unspooled the evidence they had collected in an investigation over the past year, it's easy to see why.
60% : And then there's the fear.
58% : His response was that he didn't remember, but that he imagines he was probably joking when he wrote that.
58% : One Congresswoman on Joe Biden's Vice-Presidential shortlist, Val Demings, asked Zuckerberg why he restricted Facebook's tools for competitors like Pinterest, but not for non-competitors like Netflix.
56% : First, they had not had to deal with being asked for real answers about their business behavior for years, if ever, and so they were not ready to respond.
55% : Just a few years ago these third-party merchants paid 19% of their revenue to Amazon, now it's up to 30%, which is, coincidentally, the amount Apple demands from hundreds of thousands of app makers who have to reach iPhone users.
52% : Congresswoman Lucy McBath played audio of a seller on Amazon tearfully describing how her business and livelihood was arbitrarily destroyed by Amazon restricting sales of their product, for no reason the seller could discern.
50% : The nation lost 100,000 independent businesses from 2000-2015, a drop of 40%, many due to Amazon's exploitation of legal advantages from the avoidance of sales tax to its apparent violation of antitrust laws in underpricing rivals.
49% : I'm not aware of that.
48% : Bezos then admitted Amazon buys companies purely because of their 'market position,' demonstrating that many of hundreds of acquisitions these tech companies have made were likely illegal. Mark Zuckerberg had to confront his own emails in which he noted that Facebook's purchase of Instagram was done to buy out a competitor.
47% : That's how Congressman David Cicilline started the remarkable hearing on Wednesday in the Antitrust Subcommittee, where four tech CEOs - Tim Cook of Apple, Mark Zuckerberg of Facebook, Sundar Pichai of Google, and Jeff Bezos of Amazon - finally had to answer questions about how their businesses operated.
47% : Zuckerberg pivoted to free speech talking points, and Cicilline cut him off, "This isn't a speech issue, it's about your business model."
46% : Take Amazon, whose CEO Jeff Bezos often seemed off-balance and unaware of his corporation's own practices.
44% : Over and over, the CEOs had similar answers.
41% : Representative Ken Buck, Republican from Colorado, talked about one of the few courageous businesspeople who testified openly months ago, the founder of PopSockets, who had been forced to pay $2m to Amazon just to get Amazon to stop allowing counterfeits of its items sold on the platform.
40% : He had no answer.
39% : I don't know.
37% : Almost any moment of the four-hour long hearing offered a stunning illustration of the extent of the bad behavior by these corporations.
37% : Matt Stoller is the author of Goliath:
29% : I have reported on small and medium sized businesses frightened to come forward with stories of how they are abused by counterfeiting or unfair fees by the goliaths.
23% : America has lost thousands of media outlets because of the concentration of ad revenue in the hands of Google and Facebook; two thirds of American counties now have no daily newspaper.
23% : Or long rambling attempts to deflect, followed by members of Congress cutting them off to get answers to crisp questions.
22% : Even most Republicans focused on anti-conservative bias recognized that the ability to constrain conservative voices originated as a function of market power.
20% : While a few Republicans, like ranking member Jim Jordan, spent the hearing yelling about the supposed persecution of conservatives on social media, most of the subcommittee focused on genuine business problems.
8% : It's no secret why small business formation has collapsed since the last financial crisis; these giant platforms tax innovation.
5% : Congressman Cicilline asked about Facebook promoting incendiary speech and making money off advertising sold next to that speech.
3% : And the answers they gave weren't pretty.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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