Combatting toxic gigantism in the world of business is something Elizabeth Warren has already devoted considerable time, energy, and thought to.
For example, she’s noticed that companies like Amazon collect data on the small businesses that use them for online hosting and order shipment services—and when they see someone succeed in a specialty niche, they set up their own shop in the same space, change their searches to present their own newly-established site first, and effectively steal that market.
This isn’t right. Warren gets why not, and has proposed a commonsense way to eliminate it: forbid companies that operate platforms like the Amazon Marketplace from also owning or operating business that compete on those platforms. (It’s an inherent conflict of interest to try to do both in the most profitable way. )
In the same vein, Warren has introduced the Stop Wall Street Looting Act, to deter the practice of private equity firms buying up companies with the specific intent of dismantling them and selling off the pieces—often generating the bulk of their own revenue from the process by paying themselves huge fees for the purported “services” they have rendered, which can leave the sold-off chattel so cash-strapped they can’t hope to survive. As a corrective measure, she’s put forward the Accountable Capitalism Act—which, not coincidentally, is founded on the astute observation that if corporations want to claim the legal rights of personhood, they should also be legally required to take on the moral obligations of personhood.
Warren has a slew of similar measures drafted. Since restoring a healthier and more appropriately human-scaled business environment is something in which she’s already displayed a lot of passion, keen insight, and common sense, why not specifically and officially task her to do more of it?