Google and Facebook have been under increasing scrutiny for their power. Australia aims to confront that power head-on with a recent code drafted by the Australian Competition and Consumer Commission (ACCC). The draft forces the tech giants to pay Australian publishers in order to share their digital content.
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Australia’s move aims to “create a level playing field and a fair-go,” said Australian Treasurer Josh Frydenberg. Google expresses deep concern at the action, arguing that it intervenes with the free market and disincentives innovation. Facebook continues to review the proposal and how it may affect their business.
Business Casual hosts Daniel Litwin and Tyler Kern explore the ethical and economic implications of such a regulatory move, posing the question “Could this happen in the US?”