Do five unaccountable companies control our lives?

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.)

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