In a video conference, Jeff Bezos, Tim Cook, Mark Zuckerberg, and Sundar Pichai answered questions from members of U.S. Congress.
Democrats and Republicans in the U.S. House of Representatives strongly criticized the monopolistic performance of Amazon, Google, Facebook and Apple at a July 29 hearing attended by the heads of major tech companies.
During the anti-monopoly committee meeting, Mark Zuckerberg (Facebook CEO), Jeff Bezos (Amazon CEO), Sundar Pichai (Google CEO), and Tim Cook (Apple CEO) were accused of distorting competition. They have deliberately crippled the small tech companies and startups to take over a larger part of the market.
This was the first time that the leaders of the four largest companies had attended a meeting in the US Congress at the same time, although they had attended the conference by video conference and remotely due to the coronavirus epidemic.
This is good, but not enough. These companies deny their role in monopolizing the power of technology, saying that none of them alone is a major player in the world of technology.
What they didn’t talk about, is that how their cooperation and share of data is giving them enough power to centralize power. Also, this concentration of power has helped them to control the flow of information. No matter how good a company or a person is, the centralization and concentration of power can lead us to horrible things.
For example, Cloudflare is one of the largest DNS/Web service providers in the world. They have control of every website that uses their service. It’s dangerous. Imagine Cloudflare (which is an American company) decides to shut down all websites that are in Singapore because of U.S. policies against this country. This is just an example of why we shouldn’t give companies so much power that we can’t control it ever again.
Concentration of power always brings corruption. If companies feel they can control anything, they would try to dominate it, as they always have done it. We should stop this. Free world needs control from people, not companies.