George Soros Just Launched A Scathing Attack On Google And Facebook

by Garry Watts January 28, 2018, 2:03
George Soros Just Launched A Scathing Attack On Google And Facebook

Hedge fund veteran George Soros launched an attack on social media giants such as Facebook and Google tonight, saying they were a "menace" and accusing them of "deliberately engineering addiction" which is particularly harmful to adolescents.

Donald Trump's administration is "a danger to the world" and is attempting to "establish a mafia state", according to a speech by financier and philanthropist George Soros at the World Economic Forum in Davos, Switzerland. Soros compared social media to gambling's addictive qualities, noting Facebook uses similar techniques to casinos, luring people in and enticing them to spend more and more time with them.

Soros said the "network effect" that has propelled companies such as Facebook to dominance is "unsustainable", and predicted that Facebook will "run out of people to convert in less than three years". These companies control half of the internet's global advertising revenue, but greed has pushed them to chase even larger profits.

"I consider the Trump administration a danger to the world", Soros said, according to Bloomberg News.

Furthermore, the magnate has also taken aim at tech giants, namely advocating stricter regulation for Google and Facebook.

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George Soros understands Popper's rationale nearly uniquely well.

The billionaire investor said these technology giants are not mere distributors of information as they claim to be.

Soros notes how Europe protects against the abuse of monopolies regardless of how their power was achieved, unlike the USA, which regulates based on acquisitions. Another disturbing possibility was that USA tech companies would "compromise themselves in order to gain entrance to these vast and fast-growing markets". Popper warned against defeatist tendencies which argue that democracy is a transient achievement that must eventually give way to "some form or other of totalitarianism" or that industrial societies must inevitably adopt "the methods of collectivist planning". "The dictatorial leaders in these countries may be only too happy to collaborate with them, since they want to improve their methods of control over their own populations and expand their power and influence in the United States and the rest of the world".

In her speech at the World Economic Forum yesterday, Theresa May said: "These companies simply can not stand by while their platforms are used to facilitate child abuse, modern slavery or the spreading of terrorist and extremist content".

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