Google and Facebook 'Deliberately Engineer Addiction — George Soros

Google and Facebook 'Deliberately Engineer Addiction — George Soros

Google and Facebook 'Deliberately Engineer Addiction — George Soros

Soros also hit out at Russian President Vladimir Putin, whom he referred to as a "dictator".

You can read a transcript of Soros' full remarks at Davos here. As the President was hosting a dinner for various business leaders, Soros was across town, talking about the various threats facing Western democracies, a category in which he included the Trump Administration.

"The United States is set on a course toward nuclear war by refusing to accept that North Korea has become a nuclear power", he continued.

"The power to shape people's attention is increasingly concentrated in the hands of a few companies", he said.

A Reuters Institute for the Study of Journalism report revealed earlier this month that 44 per cent of publishers are more anxious about tech companies compared to the year before.

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While the liberal media will applaud the 87-year-old billionaire investor's seething attack on President Trump in a speech Thursday at the World Economic Forum in Switzerland, Soros also notably slammed social media and tech giants as "near-monopoly distributors", calling them a "menace" and criticizing "the rise and monopolistic behavior of the giant IT platform companies", according to BuzzFeed.

Social media companies exploit the social environment just as "mining and oil companies exploit the physical environment", Soros said. Soros likened the businesses to gambling companies that "deliberately engineer addiction to the services they provide". "This can be very harmful, particularly for adolescents".

Soros warned that these companies would likely "compromise themselves" to enter the Chinese market.

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".

"Clearly I consider the Trump administration a danger to the world", he said. Happily, although he fears that emerging strong men could use technology for "totalitarian control the likes of which not even Aldous Huxley or George Orwell could have imagined" Soros ultimately concludes that the dominance of American IT monopolies has peaked, that their "days are numbered" and they will soon be undone by "regulation and taxation". He praised European Union Competition Commissioner Margrethe Vestager for the EU's direction on monopoly policy as well as the strengthening on its privacy and data laws, declaring her the "nemesis" of the tech titans.

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