Herman Cain on Fox Business: Sen. Elizabeth Warren's proposal to break up big tech companies would fit in with Venezuela or Cuba
Cain: "That is anti-capitalism. That is anti-competitive."
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From the March 8 edition of Fox Business' Making Money with Charles Payne:
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CHARLES PAYNE (HOST): Democratic presidential candidate Elizabeth Warren wants to break up big tech companies. We're talking Amazon, Google, Facebook. In a new proposal, she is accusing them of bulldozing the competition and squashing small business and innovation.
PAYNE: Now I want to bring in former Republican presidential candidate and CEO of The New Voice, Herman Cain. Herman, what do you make of it? I almost don't know where to start. Now, it's one thing if you think that maybe these companies have grown too big, but she wants to dismantle acquisitions and mergers have that already happened.
HERMAN CAIN (FORMER REPUBLICAN PRESIDENTIAL CANDIDATE): Charles, let me start with the good news. The good news is she's not the Democrat presidential candidate, and she's not the president. With her ideas, she could move to Venezuela or Cuba and feel right at home. That's the bottom line.
Now here is the other side of this story. All of her ideas -- she's trying to out-big government, out-regulate, out-increase taxes over all of the other candidates that are Democrat presidential wannabes in order to try to distance herself. And the fact that she wants to go after big companies, both large and small, that is anti-capitalism. That is anti-competitive. Now, we already have rules in place to keep these companies from going crazy. What she is doing is trying to distance herself, and the good news is, most of the American people are not stupid and they are getting smarter. Only in her home state of Massachusetts and parts of the Northeast are they seriously considering these anti-competitive ideas that she's throwing out there.