Elizabeth Warren’s War on Big Tech

The Senator from Massachusetts is threatening to break up Silicon Valley. It could be the best thing that ever happened.

Do Unto Donors

Warren overlooks one inconvenient fact. The billionaire freeloaders of Silicon Valley are the staunchest supporters of the Democratic Party. Either this is poetic justice for tycoons who cozy up to crusaders or Warren’s rage against the ten-figure class is a simple ruse to propel her past slow-moving septuagenarians like Bernie Sanders and Joe Biden, and ultimately, her arch opponent, Kamala Harris.

Tech is Toxic

Warren’s solution to the problem of bigness has three glaring hypocrisies that suggest a “Big Tech Break Up” will be complicated both in enforcement and in execution.

California Scheming

The second irony is that Elizabeth Warren’s hi-tech enemies happen to tilt West. LA based Wells Fargo is her favorite poster child for bankers gone bonkers, and now Silicon Valley and Seattle are her next quarry.

History Lesson

Then there is the third and most crucial irony. To anyone who studies American business history, when a company controls an essential piece of the economy, some politician is going to charge restraint of trade under the 1890 Sherman Hawley Antitrust Act.

Innovation’s Spawn

Trustbusting began when Teddy Roosevelt assumed the presidency after the assassination of William McKinley. The new Oval Office holder wanted to signal that he was a man of the people, and brought suit against Standard Oil in November 1906.

Professor of Leadership. Extraordinary Lives Project. Author “Be Somebody” (2021); 2019 Telly Award IconicVoices.tv; ex-publisher Forbes

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store