Facebook co-founder Chris Hughes announces $10 million fund to break up more than Facebook

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 tech, healthcare, agriculture, finance, and beyond. 

“Americans understand corporate power has gotten out of control,” Hughes told the Washington Post, “and a lot of [groups] are interested in organizing to push back against them.”

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. Read more...

More about Facebook, Anti Trust Regulation, Chris Hughes, Tech, and Politics

from Mashable https://ift.tt/32pyukA