This afternoon President Trump held a press availability in the oval office answering questions from the media as he signed an executive order [Available Here] directing the prevention of on-line censorship in social media platforms.
The president was joined by Attorney General Bill Barr, and both leaders delivered remarks and answered questions from the media. [Video Below, Transcript to Follow]
[Read Executive Order Here] – In the periphery of this executive action there are indications, and a widespread expectation, the DOJ is close to filing an antitrust lawsuit against Google Inc and their affiliated companies. There is a strong possibility the controlling ideology of ‘big tech’ is about to merge with legal action by the DOJ.
The DOJ action has not yet happened, but there are signals it is very close. There have been visible signals, subtle but visible, that the DOJ was/is about to move on a massive (the biggest in history) antitrust lawsuit against Google and all affiliates.
The issue will not necessarily surface as most would think; via a bias based on conservative -vs- leftist ideology in content manipulation; though those underlying aspects are a part of the larger underpinning we will soon see surface.
Antitrust lawsuits, writ large, are based on “prices”, “costs”, and net “financial” distortions caused by corporations not competing based on open commerce. “Antitrust” in it’s structural form is based on costs and the manipulation of prices. Essentially, controlled commerce.
In the digital sphere the targeted firms have not opened themselves to liability based on ideology; but rather Google, all subsidiaries and alliances, have opened themselves to antitrust violations through the manipulation and control of financial benefit.
Demonitization of digital platform content providers, in combination with Google’s control of almost all ad revenue in the digital space, is what has opened the door for DOJ intervention based on antitrust laws.
This happens because the content being generated on these controlled platforms is being arbitrarily valued by the media company, not the free market. Devaluing certain content they are ideologically opposed to creates consumer distortions.
Underpinning that revenue control is the ideological nature of the content provider. However, for the purpose of antitrust lawsuits, that motive is irrelevant.
The methods, practices and purposeful control of value; through collusion of corporate interest specific to a planned and organized effort to control monetary benefit; is the part of their activity that is quantifiable, discoverable, easily provable, and ultimately unlawful.
The financial distortion of internet commerce is the crack in the Big Tech stranglehold that affords the DOJ the opportunity to step in. Google (and all subsidiaries) will lose on the substance of their defense because ultimately their business practice has resulted in, and arguably they have engaged in, price fixing.
It will take time, but eventually they will settle; and there will likely be a massive financial settlement in addition to a negotiated Consent Decree. Within the CD terms, we may even see a break-up.
The antitrust action is only tangentially related to the current POTUS confrontation with Twitter and big tech social media based on ideological lines. However, it is easy to see how the two issues will merge. The monetary distortions are based on ideology.
As soon as the DOJ takes action Silicon Valley will hold an even larger self-interest in the 2020 election outcome; and they will respond accordingly.
This is definitely worth watching…