Stefan Mileschin

Looks like that US revolution is going well

Bit Tech has become so powerful it has stopped innovating and is instead spending the cash buying corrupt politicians lobbying.

The flood of lobbying dollars spent by tech companies has increased with market concentration, according to a new study that cites similar patterns in the pharmaceutical and oil industries.

The anti-monopolist group American Economic Liberties Project has penned a report which says that as Big Tech faces less competition, it does not have to innovate any longer. So what it does is spend all that cash influencing the democratic process.

American Economic Liberties Project lawyer Reed Showalter who wrote the study, said policy makers and antitrust enforcers should look beyond the impact that mergers have on consumers and consider how market concentration affects the democratic process.

https://fudzilla.com/news/53441-big-...uy-politicians