Soros: Google, Facebook bad for innovation, democracy - <b>Technical Lobby</b>

Friday, January 26, 2018

Soros: Google, Facebook bad for innovation, democracy

 Soros: Google, Facebook bad for innovation, democracy

Davos: Calling the Internet "monopoly" like Google and Facebook has hampered the innovation, billionaire investor George Soros warned that social media companies could give adverse consequences to democratic functioning.

He criticized the annual World Economic Forum on Thursday, the Hungarian-born American billionaire announced that the US-based IT giant is number of days.

Soros said, "Social media companies are also aware of how people think and also without it." In the era of democracy, especially on the integrity of elections, there is an adverse consequence, "Soros said. Social networking sites, including Facebook and Twitter, are facing a probe because of alleged Russian influence in the 2016 US presidential election through this platform.

Soros, who created open societies foundations to support democracy and human rights in countries around the world, said that social media companies have addicted to engineer addiction to deliberately provide services. "Especially for adolescents, this can be very harmful," he said. Holocaust surviving solos said that the real threat of these companies is in the efforts to inspire people to remove autonomy.
 Soros: Google, Facebook bad for innovation, democracy
"The power of shaping people's attention is increasingly focused in some companies 'hands, in which John Stuart Mill is called' freedom of mind 'and takes a realistic effort to save it,' he said. Losing, the people raised in the digital age may find it difficult to recover them, they can eliminate political consequences. People can easily transit without freedom of mind, "Soros said.

But he believes that the dominance of the US-based Internet giants would end soon and "regulation and taxation will be their undoing"."It is only a matter of time before the global dominance of the US IT monopolies is broken. Davos is a good place to announce that their days are numbered," he said.

In the same speech, Soros lamented that he finds the current moment in history rather painful.Soros stressed that he considers the Trump administration a danger to the world.

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