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?