A: You want to run a platform, that's fine. You don't get to run a whole bunch of the businesses as well. You want to run a business, that's fine. You don't get to run the platform. Think of it this way: It's like in baseball. You can be the umpire or you can own one of the teams, but you don't get to be the umpire and own the teams.
Q: If you had your way, Facebook would have to sell off Instagram? Amazon would have to sell off Whole Foods?
A: All those little businesses that they're running, competing businesses. Yep.
Q: Who is the federal government to tell these companies they have to do that?
A: There's anti-trust law. It's been around for more than a hundred years. And the federal government has done this many times, for example, broke up Standard Oil, broke up the great monopolies of the late nineteenth century and early twentieth century. And the reason for that is so that we can keep a competitive economy.
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The above quotations are from CBS "Face the Nation" interviews during 2019 (Margaret Brennan interviewing candidates for 2019-20 races). Click here for other excerpts from CBS "Face the Nation" interviews during 2019 (Margaret Brennan interviewing candidates for 2019-20 races). Click here for other excerpts by Elizabeth Warren. Click here for a profile of Elizabeth Warren.
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