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George Soros: Google and Facebook 'Deliberately Engineer Addiction'

George Soros: Google and Facebook 'Deliberately Engineer Addiction'

But Soros further stated his belief that President Trump would not be around much longer, saying: "Clearly I consider the Trump administration a danger to the world".

He didn't elaborate on what he meant.

Soros' comments join a growing number of leading figures critical of large tech companies at this years Davos. Trump is due to address delegates Friday.

The billionaire investor said these technology giants are not mere distributors of information as they claim to be. "That is why I expect a Democratic landslide in 2018". He said, "Social media companies deceive their users by manipulating their attention and directing it towards their own commercial purposes".

"Facebook and Google have grown into ever more powerful monopolies, they have become obstacles to innovation, and they have caused a variety of problems of which we are only now beginning to become aware".

Comparing them to a casino, Soros shared the sentiment of former Facebook president Sean Parker, who said the social giant makes people addicted to its platform by "exploiting a vulnerability in human psychology".

"They deliberately engineer addiction to the services they provide", which is harmful particularly for children, he said.

Referencing Google and Facebook several times during his speech, he said: "It takes a real effort to assert and defend what John Stuart Mill called "the freedom of mind". This may have far-reaching political consequences. As a strong supporter of liberalism, globalism and Democratic Party, Soros has gone bonkers and taken the pleasure bashing the US president. Soros even predicted that Facebook will "run out of people to convert in less than three years" and subsequently the business could crumble. And "there is an even more alarming prospect on the horizon", he added. Soros also said he's extremely concerned that some social media and technology companies may fall into "unholy marriages" with regimes in Russian Federation and China, creating a "web of totalitarian control". The business magnate believes USA internet-service companies are already tempted to give into the demand of authoritarian states in order to gain access to their markets.

"This requires the United States to cooperate with all the interested parties, China foremost among them". As the ill-considered thoughts of an old man who doesn't quite get the new age, or as something in between? Soros notes how Europe protects against the abuse of monopolies regardless of how their power was achieved, unlike the USA, which regulates based on acquisitions.

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