‘Where is the line between global business & attempts to control society?’ Putin calls out Big Tech in Davos
Big Tech companies have become rivals to governments, but there are doubts over the benefits of their monopoly for society, Russia’s President Vladimir Putin said, during a virtual meeting of the World Economic Forum in Davos.
“Where is the line between a successful global business, in-demand services and consolidation of big data – and attempts to harshly and unilaterally govern society, replace legitimate democratic institutions, restrict one’s natural right to decide for themselves how to live, what to choose, what stance to express freely?” Putin wondered.
Addressing the role of social media giants in the recent election in the US, the Russian leader pointed out that these companies “in some areas have de facto become rivals to the government.”
Billions of users spend large parts of their lives on the platforms and, from the point of view of those companies, their monopolistic position is favorable for organizing economic and technological processes, Putin explained. “But there’s a question of how such monopolism fits the interest of society,” he stressed.
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