From Victor Davis Hanson at Townhall:
Today, five companies — Amazon, Apple, Facebook, Microsoft and Alphabet (Google’s parent company) — have a collective worth of more than $3 trillion. Yet such transnational companies remain mostly exempt from the sort of regulations and accountability faced by most other industries.
Hanson argues that that is largely because they cultivate a progressive image and cozy up to progressive politicians. But also:
Finally, high tech is an American specialty and a huge earner of foreign exchange. Politicians are understandably afraid of turning a golden goose into a sick hen. Without taxable trillion-dollar revenues from Facebook, Google and Apple, a dysfunctional, cash-strapped California would likely go broke.More.
Reality check: Should we all let them feed California at the price of our liberty?
See also: Four minutes: Mark Steyn on the awesome monopoly of Google and Facebook And how even Republican politicians wimp out and others suck up (for a chance to use these private powers as thought police.)