Intelligence Squared

It is time to call the tech companies to account. In the space of just ten years, Google, Apple, Facebook, Amazon and Microsoft have become the biggest companies on the planet and have accrued a level of power that threatens us all. They control our data, warp our democratic discourse, and exert increasing dominance over our markets. No wonder we are in the middle of a long-awaited ‘techlash’ against the technology giants. Look at the EU’s recent crackdown on tax avoidance by Amazon and Apple, or its record €2.4 billion fine of Google. In the UK, the Committee on Standards in Public Life has just set out guidelines for prosecuting web giants such as Facebook, arguing that they are publishers, not mere ‘platforms’, and therefore responsible for the content they host. Through the influence of ‘network effects’ (whereby the first to dominate a market reaps almost all the rewards), these companies have snuffed out the competition. This matters to everyone – not simply for the sake of healthy markets, but for the