Jackson soon discovered that Amazon suspended his account because a Black delivery driver who’d come to his house the previous day had reported hearing racist remarks from his video doorbell. In a brief email sent to Jackson at 3 a.m., the company explained how it unilaterally placed all of his linked devices and services on hold as it commenced an internal investigation.
The accusations baffled Jackson. He and his family are Black. When he reviewed the doorbell’s footage, he saw that nobody was home at the time of the delivery. At a loss for what could have prompted the accusation of racism, he suspected the driver had misinterpreted the doorbell’s automated response: “Excuse me, can I help you?”
Because that solution worked so well in the telecomms industry.
We need a solution, but breaking up businesses isn’t the only one - and arguably isn’t a good solution when they can more or less carry on with the same practices under more complex ownership structures. A better solution is regulation and enforcement. The government is supposed to regulate to level the playing field between consumers and big business.
Too bad our regulation framework is captured by the same people who own those companies and their friends.
I think we need new legislation that prevents companies with a valuation over a certain inflation-adjusted threshold, say $10 billion, from participating in mergers. Then split up the big troublemakers. This way, they can’t just buy each other out until there are only a few left. They have to innovate and compete to keep growing.