The Watch This Ain't Ghostbusters XXX ParodyFacebook co-founder who has called for the destruction of the behemoth he helped create is putting his money where his mouth is.
Hughes co-chairs the Economic Security Project, an organization dedicated to reorienting the economy in favor of people over corporations. Thursday, they announced a new target in that fight: corporate monopolies in tech, healthcare, agriculture, finance, and beyond.
“Americans understand corporate power has gotten out of control,” Hughes told the Washington Post, “and a lot of [groups] are interested in organizing to push back against them.”
Hughes, along with several high-profile foundations, is committing $10 million to research and advocacy work in anti-trust law and policy through 2021. The specific recipients of the funds have yet to be announced.
SEE ALSO: Facebook co-founder says Zuckerberg is 'embracing the philosophy behind Trumpism'In May, Hughes penned an op-ed in the New York Timesstating that it was "time to break up Facebook." He also explicitly criticized Mark Zuckerberg for the massive power he wields over the company, country, and democracy itself.
“Mark Zuckerberg cannot fix Facebook, but our government can,” Hughes wrote in May. “The American government needs to do two things: break up Facebook’s monopoly and regulate the company to make it more accountable to the American people.”
That's what Hughes is hoping to accomplish — with Facebook, tech, and other industries — as he told the PostThursday. Hughes hopes that work produced by recipients of the fund will demonstrate how corporate consolidation hurts Americans and the economy as a whole.
“You don’t need a degree in economics to know corporations and the wealthy have had a heavy hand in setting a lot of economic [policy] over the past several decades,” Hughes told the Post.
The fund is meant to energize and capitalize on the growing sentiment among lawmakers that Facebook, Google, Amazon, and Apple are corporate monopolies that require scrutiny, and potentially government intervention to break them up. But Hughes thinks that the monopoly problem extends far beyond the tech industry and into healthcare, where hospital consolidation makes healthcare more expensive, as well as with agriculture giant practices that hurt small farmers and a finance industry that we've already seen has become "too big to fail."
Of course, as the Post points out, $10 million is a drop in the massive, $1.7 billion bucket of corporate lobbying cash. Still, the commitments will provide capital to researchers, wonks, and advocates who sorely need it in their fight against well-funded corporate America.
Topics Facebook Politics
Previous:The Baffler’s May Day Round Up
Next:Time to Unite
Martian dust devil swallows another in rare videoBest Sony deal: Save $31.99 on the ULT Field 1 portable speaker at AmazonBest mesh WiFi deal: Save $150 on the Amazon eero Pro 6EBest mesh WiFi deal: Save $150 on the Amazon eero Pro 6EBest Google Pixel deal: Save $200 on the Google Pixel 9Bayern Munich vs. Inter Milan 2025 livestream: Watch Champions League for freeAudible Spring Sale: Get 2 books for 1 creditAudible Spring Sale: Get 2 books for 1 creditThe end of remote work will undo years of change for workers with disabilitiesBest robot vacuum deal: Get the Shark Matrix Plus 2Best security deal: Take 28% off the Google Nest CamNYT Connections Sports Edition hints and answers for April 6: Tips to solve Connections #195Audible Spring Sale: Get 2 books for 1 creditBest Apple deal: Save $50 on the AirPods Pro 2 at AmazonNYT Strands hints, answers for April 4TikTok ban looms in U.S. Here's the latest.Best wireless gaming mouse deal: ASUS ROG Spatha X is just $125 at AmazonBest speaker deal: Save $20 on the JBL Clip 5NYT Connections hints and answers for April 5: Tips to solve 'Connections' #664.NYT Connections hints and answers for April 7: Tips to solve 'Connections' #666. Here's a small way to support the vulnerable in Trump's America Zuckerberg claims Facebook hoaxes didn't influence the election. He's wrong. Powerful Mannequin Challenge video highlights the Black Lives Matter movement Supernatural spoilers: Season 12 sees the return of Hitler First 'Valerian and the City of a Thousand Planets' trailer is here to take you away FAA declares YUGE, glamorous no This iPad accessory is about to up Tupac and Biggie murders coming to TV from 'The People vs. O.J.' director Donald Trump will get the keys to the surveillance state Dakota Access pipeline builders are 'enthusiastic' about Trump presidency Watch Ellen DeGeneres show off Spectacles before anyone else Thanks Trump: Katy Perry pulls out of big China concert Chrome extension replaces pictures of Donald Trump with burgers No, that pic from the White House doesn't show staff looking at Trump Australia ratifies Paris Climate Agreement despite Trump concerns Today's Hurdle hints and answers for June 18, 2025 Chilling moments from day one in Trump's America Dancing Golden State Warriors fan returns when America needs her most Paul McCartney gives us all the ultimate #MannequinChallenge Trump is back to tweeting like Trump again
2.1484s , 10131.5 kb
Copyright © 2025 Powered by 【Watch This Ain't Ghostbusters XXX Parody】,New Knowledge Information Network