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- Beto O 'Rourke said that he would not want to dismantle Amazon, which others in the Democratic presidential field have proposed.
- Elizabeth Warren unveiled in March a political plan to dismantle a number of large technology companies, which she and many other Democrats have described as too powerful.
- O 'Rourke said instead that the Federal Trade Commission should focus on other areas of corporate concentration for the economy to be managed equitably.
- Visit BusinessInsider.com for more stories.
ALEXANDRIA, Virginia – Democratic presidential candidate, Beto O 'Rourke, disagreed with proposals to divide Amazon, saying it was not the way forward "to ensure the vitality of our economy".
O & # 39; Rourke said there were better ways to address corporate concentration, breaking with the proposal of her Democratic presidential candidate Elizabeth Warren, who wants to dismantle many of the big technology companies, including Amazon.
Read more:Beto O 'Rourke is running for president in 2020. Here's all we know about the candidate and how he compares to the competition.
"I think we need to do more to ensure the dynamism of our economy and solve the problem of corporate concentration," OUR RURKE told INSIDER during an election campaign on Wednesday. "I do not know if breaking with Amazon is the way to do it."
"But I'm grateful to the people who are talking about different ways to ensure that in this period of historic concentration of societies and great disparity between wealth and income, we were looking for ways to make sure that everyone can participate in the economy, "he added. . "We try to encourage the development and growth of small businesses, which suffer from the concentration of their businesses."
Mr O 'Rourke also said that the Federal Trade Commission should take a closer look at the small businesses that it has described as being able to go unnoticed.
"I think that we need to conduct further reviews of mergers and acquisitions, not just at the highest levels, but sometimes at lower levels that somehow escape the attention or radar of the FTC, "he said. "But yeah, I do not know how to break Amazon.
Warren proposed to dissociate Amazon in March, which would involve separating Jeff Bezos's e-commerce empire from the recently acquired chain of food stores, Whole Foods.
Read more: Elizabeth Warren said that she wanted to dismantle major technology companies, including Amazon, Google and Facebook.
But experts wondered whether such a broad proposal, which included separating Facebook from WhatsApp, would even be feasible.
"If Congress changes antitrust laws, it might be possible [happen]but this is a remote possibility and unlikely to be a top priority for the House or Senate, "said Michael Pachter, managing director of equity research at Wedbush Securities.[It’s] about as likely as Mexico to pay the Trump Wall ".
Even so, Amazon has remained the enemy of many prominent politicians, including other members of the 2020 Democratic Party, such as Vermont Senator Bernie Sanders, who has repeatedly criticized their terms of office. job.
And Amazon, especially Bezos, has been a frequent target of President Donald Trump.
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