Senator Elizabeth Warren has introduced legislation in Congress that would effectively ban large technology mergers. It’s called the Prohibiting Anticompetitive Mergers Act (PAMA).
The simplified interpretation of this legislation is that it would break anything that is big and it would prevent anything from becoming big in the future. Will this solve any real issues? Will it cause more problems than it solves?
If you could vote directly on this policy, would you vote for it or against it?
Her new bill, the Prohibiting Anticompetitive Mergers Act, doesn’t just break up Big Tech: It breaks up Big Everything, and it prevents companies from getting too big in the future. It would also fundamentally change how agencies evaluate and block proposed mergers, a process that currently gives companies a lot of power and agencies relatively little. Warren says the bill crystallizes her vision for how the government can stop industry consolidation that has broken America’s markets, hurt its economy, and threatened its democracy.
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