Ban Tech Mergers Over $5 billion? Yes/No‪?‬ Adam Radly

Senator Elizabeth Warren has introduced legislation in Congress that would effectively ban large technology mergers. It's called the Prohibiting Anticompetitive Mergers Act (PAMA).

The simplified interpretation of this legislation is that it would break anything that is big and it would prevent anything from becoming big in the future. Will this solve any real issues? Will it cause more problems than it solves?

If you could vote directly on this policy, would you vote for it or against it?

Before getting into any detail, let's just try to understand where Senator Warren is coming from. I'm going to refer to articles from Vox and Engadget.

Engadget: Her new bill, the Prohibiting Anticompetitive Mergers Act, doesn’t just break up Big Tech: It breaks up Big Everything, and it prevents companies from getting too big in the future. It would also fundamentally change how agencies evaluate and block proposed mergers, a process that currently gives companies a lot of power and agencies relatively little. Warren says the bill crystallizes her vision for how the government can stop industry consolidation that has broken America’s markets, hurt its economy, and threatening its democracy.

As far as I can tell there seems to be an underlying philosophy to break up anything that's big and prevent companies from getting big in the first place. Okay, so, what is this bill proposing to actually do? 

Engadget: The Prohibiting Anticompetitive Mergers Act (PAMA) would make it illegal to pursue "prohibited mergers," including those worth more than $5 billion or which provide market shares beyond 25 percent for employers and 33 percent for sellers.

So the assumption here is that merges that meet this criteria are anti-competitive.

Check out the listing for this topic on the One Democracy platform:

https://onedirectdemocracy.com/policy-listings/ban-tech-mergers-over-5-billion-yes-no/



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