Chuck Darwin<p>As Silicon Valley eyes US election, Elon Musk is not the only tech bro to worry about </p><p>There was a time when the tech industry wasn’t much interested in politics. -- It didn’t need to be because politics at the time wasn’t interested in it. </p><p>Accordingly, Google, Facebook, Microsoft, Amazon and Apple grew to their gargantuan proportions in a remarkably permissive political environment. </p><p>When democratic governments were not being dazzled by the technology, they were asleep at the wheel:</p><p>💥Antitrust regulators had been captured by the legalistic doctrine peddled by <a href="https://c.im/tags/Robert" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Robert</span></a> <a href="https://c.im/tags/Bork" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bork</span></a> and his enablers in the University of Chicago Law School <br>❌ the doctrine that there was little wrong with corporate dominance unless it was harming consumers. </p><p>The test for harm was price-gouging, <br>and since Google’s and Facebook’s services were “free”, ❓where was the harm, exactly❓</p><p>And though Amazon’s products weren’t free, the company was ruthlessly undercutting competitors’ prices and pandering to customers’ need for next-day delivery. </p><p>Again: ❓where was the harm in that❓</p><p>It took an unconscionable time for this regulatory slumber to end, <br>but end it finally did on Joe Biden’s watch. </p><p>❇️ US regulators, led by <a href="https://c.im/tags/Jonathan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Jonathan</span></a> <a href="https://c.im/tags/Kanter" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Kanter</span></a> at the Department of Justice (DOJ), and <a href="https://c.im/tags/Lina" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Lina</span></a> <a href="https://c.im/tags/Khan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Khan</span></a> at the Federal Trade Commission (FTC), <br>rediscovered their mojo. </p><p>⭐️And then in August the DoJ dramatically won an antitrust lawsuit <br>in which the judge ruled that Google was indeed a “monopolist” <br>which had taken anticompetitive steps to preserve its 90% share of search. </p><p>🔥The DOJ is now proposing “remedies” for this abusive behaviour, <br>ranging from obvious ones like barring Google from contracts such as the one it has with Apple to make it the default search engine on its devices <br>to the “nuclear” option of 🧨 breaking up the company.</p><p>The shock of this verdict to the tech industry has been palpable, <br>🆘 and has led some movers and shakers in the Valley to think that maybe electing Trump might not be such a bad idea after all. </p><p>Some of the loudmouths like Marc <a href="https://c.im/tags/Andreessen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Andreessen</span></a> <br>– and, of course, <a href="https://c.im/tags/Musk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Musk</span></a> <br>– have explicitly come out for Trump, <br>but at least 14 other tech moguls are providing more discreet support. </p><p>And although quite a few tech leaders have – belatedly – come out for Kamala Harris, <br>some are doing so with some reservations. <br>Reid <a href="https://c.im/tags/Hoffmann" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Hoffmann</span></a>, the founder of LinkedIn, for example, donated $10m to her campaign, but says he wants her to fire Lina Khan from the FTC.</p><p>The most dramatic evidence of how Silicon Valley lost its political virginity, though, <br>comes from the extraordinary amounts of money that <a href="https://c.im/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cryptocurrency</span></a> companies have been putting into the election campaign. <br>The New Yorker reports that crypto companies have already sunk <br>“more than a hundred million dollars” <br>into so-called SuperPACS supporting crypto-friendly candidates.</p><p>The interesting thing is that this money seems to be aimed not so much at influencing who wins the presidency<br> as at ensuring that the “right” people get elected to the House and the Senate. <br>This suggests a level of political nous that would have been disdained by the early pioneers of the tech industry in the 1960s. </p><p>Technology might not have been political then; but it sure is just now.<br><a href="https://www.theguardian.com/technology/2024/oct/20/as-silicon-valley-eyes-us-election-elon-musk-is-not-the-only-tech-bro-to-worry-about?CMP=Share_iOSApp_Other" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theguardian.com/technology/202</span><span class="invisible">4/oct/20/as-silicon-valley-eyes-us-election-elon-musk-is-not-the-only-tech-bro-to-worry-about?CMP=Share_iOSApp_Other</span></a></p>