- An Elizabeth Warren presidency threatens to be far more disruptive to the economy than a Biden administration, or a second Trump term.
- She would squeeze Big Tech the most, moving to break up Silicon Valley companies and pass strict data protections for consumers.
- So why are these companies’ employees giving Warren the lion’s share of her campaign contributions?
Senator Elizabeth Warren continues to hold her consistent place as a top three contender for the Democratic presidential nomination. Of the entire field, she’s also campaigned the most aggressively against Silicon Valley.
Bernie Sanders, her senate colleague and close competitor for the nomination, would also be tough on Big Tech. But he’s been following her lead in the battle over their party’s progressive populist wing.
It was Warren who introduced the idea of breaking up tech monopolies under U.S. antitrust laws in March. (Here’s why Warren’s antitrust ambitions don’t stack up to the realities of the tech industry.) It took Sanders months to come around to her position.
A week after Warren’s antitrust proposal, Sanders had yet to publicly comment on it. By June, he hedged, “we should definitely take a look at” breaking up Apple, Amazon, and Alphabet. Finally in July, as Warren closed in on his poll numbers, that changed to an “absolutely” for Sanders.
Elizabeth Warren’s War on Big Tech
In October, Elizabeth Warren used Mark Zuckerberg’s own platform, Instagram, to post an ad with leaked audio footage of the Facebook CEO saying he’d “go to the mat” and fight a Warren administration. The ad boasted that the “rich and powerful” are afraid of Warren.
Earlier this year, a U..S election report by ING Group assessed a populist Democrat like Warren, Sanders, or Mayor Pete Buttigieg has a viable path to the White House if all economic indicators flash red in 2020.
The report also predicts such a scenario would result in a “Big squeeze on Big Tech.” The squeeze would…