{"id":81872,"date":"2019-10-19T11:25:46","date_gmt":"2019-10-19T10:25:46","guid":{"rendered":"http:\/\/newsforher.com\/?p=81872"},"modified":"2019-10-19T11:25:48","modified_gmt":"2019-10-19T10:25:48","slug":"facebook-co-founder-chris-hughes-announces-10-million-fund-to-break-up-more-than-facebook","status":"publish","type":"post","link":"https:\/\/newsforher.com\/?p=81872","title":{"rendered":"Facebook co-founder Chris Hughes announces $10 million fund to break up more than Facebook"},"content":{"rendered":"\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"c5b541d88d911dcbb84397def1a3492d\" data-index=\"1\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- m -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-3943282228430444\"\r\n     data-ad-slot=\"5751019935\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p> [ad_1]\n<\/p>\n<div id=\"id_text\" itemprop=\"articleBody\">\n<p>The Facebook co-founder who has <a href=\"https:\/\/me.mashable.com\/tech\/4797\/facebook-co-founder-chris-hughes-wants-to-break-up-facebook-heres-why\" target=\"_blank\" rel=\"noopener\">called for the destruction<\/a> of the behemoth he helped create is putting his money where his mouth is.<\/p>\n<p>Hughes co-chairs the <a href=\"https:\/\/www.economicsecurityproject.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Economic Security Project<\/a>, an organization dedicated to reorienting the economy in favor of people over corporations. Thursday, they announced a new target in that fight: corporate monopolies in tech, healthcare, agriculture, finance, and beyond.\u00a0<\/p>\n<p>\u201cAmericans understand corporate power has gotten out of control,\u201d Hughes <a href=\"https:\/\/www.washingtonpost.com\/technology\/2019\/10\/17\/facebook-co-founder-critic-chris-hughes-spearheads-million-anti-monopoly-fund\/\" target=\"_blank\" rel=\"noopener noreferrer\">told the <em>Washington Post<\/em><\/a>, \u201cand a lot of [groups] are interested in organizing to push back against them.\u201d<\/p>\n<p>Hughes, along with several high-profile foundations, is committing $10 million to research and advocacy work in anti-trust law and policy through 2021. The specific recipients of the funds have yet to be announced.<\/p>\n<div class=\"see-also\">\n<p class=\"see-also-link\">SEE ALSO: <a href=\"https:\/\/me.mashable.com\/tech\/7357\/facebook-co-founder-says-zuckerberg-is-embracing-the-philosophy-behind-trumpism\" target=\"_blank\" rel=\"noopener\">Facebook co-founder says Zuckerberg is &#8217;embracing the philosophy behind Trumpism&#8217;<\/a><\/p>\n<\/div>\n<p>In May, Hughes penned an op-ed in the <em>New York Times<\/em> stating that it was &#8220;time to break up Facebook.&#8221; He also explicitly criticized Mark Zuckerberg for the massive power he wields over the company, country, and democracy itself.\u00a0<\/p>\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"c5b541d88d911dcbb84397def1a3492d\" data-index=\"2\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- 2 -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-3943282228430444\"\r\n     data-ad-slot=\"5511153269\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n\n<p>\u201cMark Zuckerberg cannot fix Facebook, but our government can,\u201d Hughes wrote in May. \u201cThe American government needs to do two things: break up Facebook\u2019s monopoly and regulate the company to make it more accountable to the American people.\u201d<\/p>\n<p>That&#8217;s what Hughes is hoping to accomplish \u2014 with Facebook, tech, and other industries \u2014 as he told the <em>Post<\/em> Thursday. Hughes hopes that work produced by recipients of the fund will demonstrate how corporate consolidation hurts Americans and the economy as a whole.\u00a0<\/p>\n<p>\u201cYou don\u2019t need a degree in economics to know corporations and the wealthy have had a heavy hand in setting a lot of economic [policy] over the past several decades,\u201d Hughes told the <em>Post<\/em>.<\/p>\n<p>The fund is meant to energize and capitalize on the <a href=\"https:\/\/me.mashable.com\/tech\/2985\/thanks-to-elizabeth-warren-breaking-up-big-tech-will-be-a-ma\" target=\"_blank\" rel=\"noopener\">growing sentiment<\/a> among lawmakers that Facebook, Google, Amazon, and Apple are corporate monopolies that require scrutiny, and potentially government intervention to break them up. But Hughes thinks that the monopoly problem extends far beyond the tech industry and into healthcare, where hospital consolidation makes healthcare more expensive, as well as with agriculture giant practices that hurt small farmers and a finance industry that we&#8217;ve already seen has become &#8220;too big to fail.&#8221;\u00a0<\/p>\n<p>Of course, as the Post points out, $10 million is a drop in the massive, $1.7 billion bucket of corporate lobbying cash. Still, the commitments will provide capital to researchers, wonks, and advocates who sorely need it in their fight against well-funded corporate America.<\/p>\n<\/div>\n\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"c5b541d88d911dcbb84397def1a3492d\" data-index=\"5\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- 5 -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-3943282228430444\"\r\n     data-ad-slot=\"9258826580\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n[ad_2]\n<br \/><a href=\"https:\/\/me.mashable.com\/tech\/7519\/facebook-co-founder-chris-hughes-announces-10-million-fund-to-break-up-more-than-facebook\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"c5b541d88d911dcbb84397def1a3492d\" data-index=\"3\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- 3 -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-3943282228430444\"\r\n     data-ad-slot=\"2884989920\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] The Facebook co-founder who has called for the destruction of the behemoth he helped create is putting his money where his mouth is. Hughes co-chairs the Economic Security Project, an organization dedicated to reorienting the economy in favor of people over corporations. Thursday, they announced a new target in that fight: corporate monopolies in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":81873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/newsforher.com\/index.php?rest_route=\/wp\/v2\/posts\/81872"}],"collection":[{"href":"https:\/\/newsforher.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsforher.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsforher.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsforher.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81872"}],"version-history":[{"count":1,"href":"https:\/\/newsforher.com\/index.php?rest_route=\/wp\/v2\/posts\/81872\/revisions"}],"predecessor-version":[{"id":81874,"href":"https:\/\/newsforher.com\/index.php?rest_route=\/wp\/v2\/posts\/81872\/revisions\/81874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsforher.com\/index.php?rest_route=\/wp\/v2\/media\/81873"}],"wp:attachment":[{"href":"https:\/\/newsforher.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsforher.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsforher.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}