These letters were completed and submitted as part of an activity in Mr. Lee Scandinaro’s economics class. Scandinaro is student teaching with Mr. Rick Rutkowski. The letters represent opposing viewpoints.
Big tech is too big. The solution to our problem is that we should apply anti trust laws to these monopolies. You might be asking, why is this an issue? Today’s big tech companies have too much power over our economy, our society, and our democracy. They’ve bulldozed competition, used our private information for profit, and tilted the playing field against everyone else. In the process of their success, they have hurt small businesses and stifled innovation.
Twenty-five years ago, Facebook, Google, and Amazon didn’t exist, but now they are among the most valuable and well-known companies in the world. They are why the government must break up monopolies and promote competitive markets. Personally I believe if a company is doing great, let them be great; however, this can result in a crash in the economy because concentrated economic power disrupts politics, companies that control most of their economic space are stifling competition, companies harm consumers in non-price ways; privacy, etc.
When big tech companies get this big it causes problems for other companies especially small businesses; they can’t prosper and some cannot even start. Microsoft originally was the issue, and once they were taken down by antitrust laws, Google and Facebook were given the opportunity to emerge, but unfortunately turned into Microsoft by doing so. Overall, Big Tech is too big now and doing more harm than good. If antitrust laws were applied it would break up monopolies, help the economy and other businesses, and everyone as a whole.
Ella Nicholson , ’21
We should not apply antitrust laws to Big Tech. Breaking up big tech will reduce US international competitiveness. Businesses need competition to keep prices lower for consumers. Treasury Secretary Steven Mnuchin claims, “I think if you look at Amazon, although there are certain benefits to it, they’ve destroyed the retail industry across the United States so there’s no question they’ve limited competition.”
However, studies show that American retail is alive and kicking, with sales expected to rise between 3.8% and 4.4% to more than $3.8 trillion. Amazon is not a monopoly and has only around 37% of e-commerce sales where competitors are a click away.
Haleigh Smith, ’21
Journalism Adviser, Saegertown Jr. Sr. High School