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    Krishna Patel

    AU2440032

    BxMx(Btech CSE-MBA)

    Should the government regulate Big tech Companies?

    Are Big tech companies(i.e. Amazon, Google and Facebook) bigger than government

    and democracy? There is no perfect and preceding way of questioning their authenticity

    and power. India’s presidency during the G-20(19 countries and European union)

    conference should be Accountable technology and antitrust legislation. Big Tech

    companies should be regulated by the the government as it question the authority of the

    world leaders and democracy and justice system employed by the government.

    These Big Tech companies works on views, as users increases, their influence over

    market increases. Many countries have applied safety and privacy laws and some

    offensive statement are to be deleted and controlled by this developers; who’s to say

    what is valid, true and allowed and what not is allowed to say. By this means, there

    influence over market is incredibly strong. To regulate the power between tech

    companies, there are four major areas companies should focus on:- Safety, privacy,

    competition and honesty.

    Abuse of power from these Tech giants is undermined and ignored because what they

    provide in return has become more essential to consumers. These digital giants escape

    the anger and judgement of public opinion, which is so quite to ignite because like other
    big companieslike standard oil and etc, it is not easy to break these companies up as

    they have become important aspects of everyone’s day-to-day lives. If decided to break

    these companies up, it would be confronted by enraged users for whom the universe

    nature of these platforms are reasons they use them. Hate speech, disinformation and

    conspiracy theories spreaded on these platforms undermines the actual and factual

    data posted on these platforms.

    Another important reason for why the government should intervene in the issue is the

    privacy of its users. The activist tristan harris called is data voodoo doll, as we and

    government have exactly idea of how much of our data is exactly floating on the

    internet. Large technology companies collect and monitor vast amounts of private

    information with insufficient user consent and also without adequate understanding.

    Issues that are commonly faced are transportation of our information without our

    permission, these may know more about us than we know ourself; these algorithms

    suggest us products and manipulate our decisions . Without a doubt, stronger privacy

    controls-which were highlighted by the General Data Protection Regulation of the

    European Union-will drive more transparency and accountability, hence more effective

    ways of making individuals master their personal information. Even when privacy law is

    applied, this big Tech giants lacks transparency and coherence. Australian government

    has even implied the law where social media such as meta, spotify and other social

    media platforms will be banned for teens under age 16. This law will be applied from

    next years. Many platforms have expressed their discomfort over this law but the

    australian government stay firm on their stance(Kanishka sarkar,2024) .


    Leading Tech Firms are known to crush theirs competitors and dominates their

    industries unjustifiably and hold full power over these industries. For instance, google’s

    control over search engine and networks creates huge wall for smaller competitors.

    SInce, there is no viable competitors; no incentitive is taken to eliminate their harmful

    behvaiours and user/consumer have no place to go. Let’s see the example of Tech

    industries leader, as for Apple is largest smartphone manufacturers in U.S.A by 38%,

    that largest two was 64% and that of largest four was 90%. As for Google, it ruled the

    market by 86% users, that largest two was 93%and of largest 4 was 99%(luigi Zingales,

    2018, para. 8). Due to minimum competition , no big innovations are being

    invented.These tech companies infact uses the direct or indirect loops to draw

    consumers in i.e. for uber more number of drivers available, less the customers wait,

    thus more customer will reach for uber, leading to leading to more networth thus

    resulting in increasing the number of drivers in uber; this way customer preferring uber

    will also increase and will be stuck in this loop without them knowing(HEC paris insights,

    2024, para. 5). From these types of loops Tech companies attract more users in which

    results in increasing value of this platforms. Through public-private partnerships,

    funding of research and development, supporting new firms and start-ups, governments

    can improve innovation. Funding, for instance, for AI and 5G technology will guarantee

    that new tech pays dividends and keeps domestic industries in contention.

    Most important reason why government should regulate Big tech companies is because

    of their honesty. Companies like Google and Facebook are complete opaque. The third
    is that of governmental overreach and, in particular, inefficiencies inherent in

    bureaucratic constructs. It is claimed that governmental bodies rarely have the expertise

    to operate complex technological systems; hence, they may come up with poorly

    constructed policies that generate unintended consequences.

    Overarching, the phenomenon of regulating Big Tech is a very large issue with broad

    sociopolitical and economic consequences, as a rule. On one hand they believe that

    regulation is needed as an alibi for prior acts of inaccurate competition, violating

    customer rights and freedoms, focusing on the provision of misinformation, or

    monopolization. This is because such firms are monopolistic; they pride in enormous

    market power through which they are capable of operating in defiance of the ethicist

    responsibility of users besides thwarting competition innovation. Structure however be

    used in exerting pressure to demand for transparency for the purpose of ensuring that

    such firms can also operate for the benefit of the public.

    However, over regulation of the technology as per the critics has the following dangers

    of exaggerating the positives of the technology; slows down the advancement and

    invention of new techniques, foul-mouthed freedom of speech, and costs business firms

    highly. To this they can explain that the regulation by the government or by the free

    market could be more open and free.

    What this means is that the appropriate description of both these circumstances has to

    be called to the realization of a balanced model. The governments should derive the

    regulation from which they could easily blacklist or eliminate or at least reduce some
    evils or harms to society without being detrimental to the growth of the creative and

    efficient technological venture. Readiness of players in a specific Industry or sector,

    NGOs and policy makers in setting and implementing good standards of play that are

    efficient, effective, sustainable and forward looking. Thus it may be concluded to some

    extent that the regulation of ‘big tech platforms also indicates the avowal of change for

    the sake of becoming the development of dominance of technologies for those with, not

    against it and, at the same time, without causing any harm on the adversities which may

    be associated with it.

    Reference list:-

    https://www.forbes.com/sites/hecparis/2024/01/12/why-big-tech-will-remain-beyond-

    government-control/

    https://imprimis.hillsdale.edu/should-we-regulate-big-tech/

    https://www.cnbctv18.com/technology/australia-ban-social-media-for-children-under-16-

    experts-explain-if-it-is-practically-possible-19517483.htm

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