Tom Wheeler

What about if we just collected the information that's necessary to conduct the transaction that doesn't include your location and the last eight sites that you went to?

But that's what gets collected.

Well, you know, we have a collection of digital technology-driven companies.

that have done some absolutely amazing things and in the process have built themselves to be dominant companies.

So four of the five most valuable companies in the world

are what you might call American big tech companies.

Apple, Microsoft, Alphabet, and Amazon.

And Meta comes in at number six.

Well, there's nothing wrong with being big.

Let's start right there.

There's nothing wrong with being...

capitalists.

I'm a capital C capitalist myself.

The reality that we find ourselves in today, however, is that as the digital age evolved, these companies ended up

making the rules and the result is the digital economy is the largest unsupervised component of the american economy when you have a lack of supervision and you have companies making the rules as though they were pseudo governments ultimately you end up having a negative impact on

the consumers on the public interest on the rights of individuals and um and so what i'm proposing is that we need to celebrate this kind of innovation but we need to put guard rails around it to protect consumers competition truth and the kinds of things that we've seen get pummeled lately in the digital environment

Well, let's just start with the basic.

Your private information and my private information, it used to be that it was our information.

It was our information.

private goings on and the internet has allowed it to be inexpensively captured stored and sorted so that it has become less your personal property and more a corporate asset without any rules you know it was mark zuckerberg who