Some on the Left are talking about a Federal takeover of Amazon and Google. Here is our report.



TUESDAY, JUL 8, 2014 09:50 AM PDT

Let’s nationalize Amazon and Google: Publicly funded technology built Big Tech

They're huge and ruthless and define our lives. They're close to monopolies. Let's make them public utilities


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Editor’s notes:  So goes the headline coming out of the far,  far, Left and its featured publication,  Salon.  

The argument goes like this:  Google and Amazon,  two very different capitalist projects,  used government funded technologies to build their individual businesses.  Therefore,  the government is within its right,  to adopt these businesses as “public utilities,”  and give their applied technologies,  “to the people”  and their representative,  the Federal Government. 

Understand that Google's two founders,  helped to create the necessary technology  back in the 1990’s,  while students at Stanford.  At the time,  Stanford was in annual receipt of federal funds in the amount of 4.5 million dollars, some of which funded the technological research in question. 

The two students graduated and left Stanford,  to set up an infant digital search company in a garage that came to be known as Google.  Federal funds,  paid to Stanford,  helped pay for the initial research,  and the results of that research belong to Stanford,  not the founders of Google.  What they did after leaving Stanford,  their continued research and the creation of the business,  was all funded with private money.    

But the NeoProgressive/Marxists among us,  ala H Obama and Elizabeth Warren  (S-Mass) and Leftist publications such as Salon,  believe that if federal funds were used in research, to any degree,   there is a claim for federal  ownership.  Such is the heart and soul of Marxism. 

As a capitalist,  all you need to know is this:  "payback" for federal "investments" comes to Central Planning via taxes,  personal, sales, dividend and corporate taxes.  Federal receipt of such collections end the relationship between the Feds and the technologies the Feds funded.  

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