Linked by Thom Holwerda on Thu 1st Nov 2018 22:30 UTC
In the News

Silicon Valley technology giants such as Facebook and Google have grown so dominant they may need to be broken up, unless challengers or changes in taste reduce their clout, the inventor of the World Wide Web told Reuters.

The digital revolution has spawned a handful of U.S.-based technology companies since the 1990s that now have a combined financial and cultural power greater than most sovereign states.

Tim Berners-Lee, a London-born computer scientist who invented the Web in 1989, said he was disappointed with the current state of the internet, following scandals over the abuse of personal data and the use of social media to spread hate.

I couldn't agree with him more - but I'd like to expand this beyond just the online or technology sector. In all kinds of sectors there are companies that are far too large and rich, and thus powerful, to continue to exist unabated. We've broken up powerful companies before, but the odds of it ever happening again seem slim - companies have been very successful at fostering an anti-government atmosphere in which corporations are seen as idols to be worshipped rather than potentially harmful entities that need to be kept in check.

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