Senator Josh Hawley spoke to Tucker Carlson on Tuesday night about his intention to bring legislation to bear against the big tech companies that in his view have achieved an unlawful monopoly.
Carlson spoke about the influx of "woke corporations," including those that came together over the weekend on a conference call to discuss their options as regards using their financial power to influence American states to change their election laws, or reconsider proposals to that would alter them.
The bill, a "modern trust-busting agenda, would ban mergers and acquisitions by firms with a market gap of over $100 billion. It would also authorize the Federal Trade Commission to regulate dominant digital firms in online markets."
Carlson noted that Senator Hawley was working on this legislation just in time, as it was revealed that over 100 companies got together to try and figure out how to change election law.
"What it would do," Hawley said, "is put the American people back in control of their democracy, and no longer these mega-corporations. I mean we've got to remember what our founders knew, which is that monopolies and liberty are not compatible.
"No corporation should be so big and so powerful that it can control the political process, that it can override the will of the voters—and that's exactly what today's mega-corporations, who have gotten big and fat with the help of government, that's what they're trying to do."
Companies like Amazon, which also controls cloud storage and payment systems, are among those that come under Hawley's scrutiny.
"It would break up the big tech companies. Make them spin off the their various parts," Hawley said. "For instance, Amazon should not be able to have the dominant e-commerce platform and also control the cloud."
Hawley said that additionally, it would stop companies from merging together, or acquiring each other, to form these mega-corporations in the first place. Banks, also, would be forced to slow their roll under this new law, and there would be "tougher penalties" for those who break trust laws.
Prosecutors would also be given a new "ability to go after these trusts." At the root of Hawley's interest in these break-ups is the competition necessary to maintain a viable and competitive free market. With so many massive corporations, there is little room for entrepreneurial innovation or even a way to enter a marketplace that is dominated by giant interests.
Hawley wants there to be a "new focus for anti-trust law," he said, "it ought to be about promoting competition. Freedom is protected when there's competition, not when there's monopoly."
Carlson and Hawley noted that while conservatives routinely are in favor of an open market, the existence of monopolies is actually a threat to that marketplace. There cannot be free enterprise when there is only one business allowed to dominate the available market.
"It crushes competition," Hawley said, "and so the market doesn't really operate. You don't get a truly free market, you get a market dominated by a few powerful entities. And the other thing we're learning is this: when you have mass consolidation of economic power, political power follows."
"They're too political powerful because they are too economically powerful.
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