'We need a president that's going to enforce antitrust laws': Cory Booker

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After Facebook co-founder Chris Hughes called for the social media company to be broken up, Sen. Cory Booker tells ABC’s jonkarl antitrust laws need to be enforced: “We’ve had a problem in America with corporate consolidation” See more on ThisWeekABC:

Sen. Cory Booker, one of the 21 Democrats vying for the 2020 nomination, said Saturday that the United States has a problem with"corporate consolidation" in many industries, but that the job of the president is to"enforce antitrust laws," not seek to break up big companies based on his or her personal beliefs.

"It's driving out the independent family farmers. It’s driving up prescription drug costs. And in the realm of technology, we're seeing...one or two companies controlling a significant amount of the online advertising." he continued. "As these companies have grown larger and more powerful, they have used their resources and control over the way we use the internet to squash small businesses and innovation, and substitute their own financial interests for the broader interests of the American people," the Massachusetts senator wrote.

 

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jonkarl Hey CoryBooker, Plain as day that Facebook (the Zuck), should go down without investigation. You can tell what a Human Being is all about when you see them stealing intellectual property, then going on to make billions with it..... TRUMPS Family had long line of hard knocks.

jonkarl Too damn soft!

jonkarl Do you know why Cory squints his forehead when someone in depth explains something in a question? It's because he has a hard time comprehending the questioner. Remember that.

jonkarl I couldn’t agree with this man more!! It’s nice to hear someone speak up on an issue that highly needs to be addressed. Key words “proper investigation”!

jonkarl look at what happen to at and t when they broke them up. it was not good for the customer . we need it to be illegal to sell personal data , illegal to price fix

jonkarl Social Radar - Jan Theuninck, 2018

jonkarl I think the issue isn’t breaking up Facebook because there are other competing social media options. The question is whether whoever owns Facebook also owns lots of other social media sites or is part of a giant media network. Breaking Facebook away from that is worthwhile.

jonkarl In this day and age of social media, I don't think it's a mater of Facebook being a monopoly. It's more about Facebook sucking people's personal information and selling it on a market that tends to profile people.

jonkarl Can you look anymore pompous?

jonkarl I agree. Seems anti-trust laws have been mostly ignored under Republican Administrations going back 40 years and only get any limited consideration at all when a Democrat runs the Executive Branch.

jonkarl what does cory booker think happened during the trustbuster era?

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