Big Tech’s arrogance is creating a new appetite for trust-busting.
In 1953, Charles Erwin Wilson, former CEO of General Motors and President Dwight Eisenhower’s nominee for Secretary of Defense, told the U.S. Senate that he had sold his GM stock with a memorable phrase. “For years I thought what was good for our country was good for General Motors, and vice versa.” As of his nomination, Wilson had clearly wised up.
Today, it is far from impossible to imagine a tech CEO being forced to eventually make the same admission about their industry, and sooner rather than later. Why? Well, as a headline in Axios this week announces, “Tech is at war with the world” because, as Axios editor, Mike Allen writes, “America’s largely romantic view of its tech giants — Facebook, Google, Apple, Amazon, etc. — is turning abruptly into harsh scrutiny. Silicon Valley suddenly faces a much more intrusive hand from Washington.”