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1. Some resources for the #bigtechbarons hearing. First, a list of recent controversies for each company over the past few years. economicliberties.us/big-tech-abuse…
2. This is the top GOP member @Jim_Jordan's playbook for the #bigtechbarons hearing. Jordan will be disruptive and hostile to Democrats and come to the aid of big tech CEOs. Unclear whether his GOP colleagues will focus on big tech or follow his lead.
3. This is Jeff Bezos's testimony. Bezos is the most important witness in the #bigtechbarons hearing, he has never testified before Congress. blog.aboutamazon.com/policy/stateme…
4. Here are the stakes, a piece by me and @ShaoulSussman. This is the moment our private regulators of the economy meet the public regulators of our economy. The big lie is the term 'deregulation.' Either they govern or we the people govern. politico.com/news/agenda/20…
5. An important thread by @ddayen on what it's like to be a small business working for Amazon. #bigtechbarons
6. Our report on how Amazon works is here. It's an explainer of how we got to this point and the laws we need to change to make Amazon safe for democracy. @Pat_Garofalo, @OliviaWebbC #bigtechbarons economicliberties.us/our-work/under…
7. This is a former VP and legend at Amazon @timbray talking about the need to break up the company and spin off Amazon Web Services. #bigtechbarons (@profgalloway will like this piece) tbray.org/ongoing/When/2…
8. Here's a report by @sarahmillerdc @ZephyrTeachout and me on Google/Facebook and the harms they elicit, as well as changes to law we need to fix the problem. economicliberties.us/our-work/addre…
9. Then Republican @HawleyMO's important legislation to remove liability protections for entities like Facebook and Google who sell targeted ads. This legislation would make Google and Facebook much safer institutions and help protect our democracy. hawley.senate.gov/senator-hawley…
10. Of course @ZephyrTeachout's new book Break'Em Up will make the case. us.macmillan.com/books/97812502…
11. My piece yesterday on how Facebook, Amazon, and Google induce wild amounts of fraud and counterfeiting because of the legal shield (Section 230) that lets them do so. These monopolies *harm* business. mattstoller.substack.com/p/absentee-own…
12. The battle we are seeing is part of a long history that goes back hundreds of years. Who governs? We the people or the autocrats? simonandschuster.com/books/Goliath/…
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Matt Stoller
@matthewstoller
1. My piece with @ShaoulSussman goes into the backstory on the big tech hearings. How this hearing goes, and whether Congress develops the confidence to break up and regulate these giants, will in many ways determine whether we remain a democracy.
politico.com/news/agenda/20…
2. The harms of these giants were hidden from the public because they offer free services to consumers. But low prices mask a deep threat to our society, starting with an invasive surveillance architecture that has concentrated ad revenue and threatens free expression itself.
3. Two thirds of American counties have no daily newspaper, largely because Google and Facebook have diverted revenue from the free press to themselves. In addition, these entities propagate misinformation, harm mental health and promote racial discrimination
Read 25 tweets
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Matt Stoller
@matthewstoller
1. Our new paper on Amazon is a description of how the 21st century gatekeeper works.

Amazon's rise is not a story of innovation, it's a story of power. Bezos's focus is entirely about exploiting legal loopholes. Our report shows how he did this and how to fix the law.
2. From the earliest days, Bezos sought to get big by any means necessary. He told an early employee, “When you are small, someone else that is bigger can always come along and take away what you have.”
economicliberties.us/our-work/under…
3. Early Amazon employees confirmed the obsession with creating dependencies, noting that Bezos’s “underlying goals were not to build an online bookstore or an online retailer, but rather a ‘utility’ that would become essential to commerce."
Read 21 tweets
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Matt Stoller
@matthewstoller
1. This story by @daiwaka reveals George Mason takes money from big business, which has openly been their model since the 1970s. I don't understand why we need studies in the 2010s showing corruption works when Manne was bragging about it in the 1970s. nytimes.com/2020/07/24/tec…
2. The history of our world was very much shaped by Henry Manne's organizing of judicial seminars and law school corruption in the 1970s and 1980s to reshape the law for big business. This is known. We've known it for decades. Alliance for Justice wrote a book about it in 1993.
3. @ddayen constantly points it out. So do academics inside who know it's happening. What I don't understand is why the pervasive corruption within academia of economists isn't taken for granted at this point. prospect.org/power/big-tech…
Read 12 tweets

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