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Sen. Hawley introduces bill meant to break up big business

2021-04-13 | 🔗
Missouri Republican reveals his proposed legislation on 'Tucker Carlson Tonight'
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Teddy Roosevelt famously used in antitrust law to save capitalism, which was on its way out. They broke up monopolies because they were abusing consumers and discrediting the entire system. Can he save the system by restraining it? There was almost so much abuse and people can it take it so they started looking to other options. Why is socialism popular thats? Why? Because big monopolies are discrediting market capitalism unfortunately corporation seem to have more political power the end they have had before they are doing anything about it. It one senator, however, is he would also authorize the Federal Trade Commission to regulate online markets joining us to explain exactly
what this would mean and how it might help is Senator Josh Hawley of Missouri Senator think so much for coming on here. What a day you chose to do this hours after learning that the biggest company in the world is conspiring to change election laws. Tell us what this would do your plan. Well, what would do Tucker is actually put the american people back in control of their democracy. No longer these corporations weve got to remember what our founders knew, which is that monopolies and liberty is not compatible. No corporation should be so big that it controls the political process that can it can override voters. That is exactly what todays megacorporations, who have gotten big and fat here, is what I am trying to do. First of all, I would break up the big tech companies make them a spin off of their various parts. First off Amazon should not be allowed to have the dominant platform and be able to control the cloud. It would break up big corporations,
no more mergers and acquisitions by the biggest companies in America. Dont allow the big banks to get bigger, tough, new penalties for corporations that violate our trust laws and also a new ability for a prosecutorprosecutors to go Afte trusts, a new focus for antitrust law, which is this it ought to be about promoting competition. Freedom is protected when theres competition, not when theres a monopoly. The whole reason we have antitrust laws is because, when you have monopolies, everything beneath them withers and dies. You dont have a real market. When you have monopolies, we are watching that now. Why are you the only person who was noticing this? Well, I think, for a long time, conservatives have thought that the market, if left to its own devices, will operate smoothly and will ensure freedom. The problem is that when you get monopoly power like this, a precious competition, the market doesnt really operate, you dont get a truly free market. You get a market dominated by a
few powerful entities. The other thing we are learning is this: when you have mask consolidation, political power follows: why are they able to blackmail Georgia? Why is it that they are able to threaten other states question markets because they are so powerful? They have achieved monopoly status. This is another reason. Weve got to break them up. They are too politically powerful because they are too economically powerful. This is why they want you off the stage laughs. This is why they are calling you an insurrectionist quickly. Do you have a hope of getting people on your side? Will anyone join you on this? I sure hope so I sure hope so. Tucker and I hopesee on the republican side Y are really seeing eyes are open to the danger of these monopolies. Voters are already living it, they are being censored on social media. They are living in fear that these banks are going to cancel them that these big corporations are going to cancel them. I think elected officials, republican elected officials are
listening to, voters are opening their eyes, are realizing the dangers and its time to do something about it, its time to protect the peoples liberties. I hope you will come back and give us the names of those senators who stand in your way.
Transcript generated on 2021-04-13.