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Fighting corporate power is a big theme of the Democratsnew agenda, but three of the worlds most powerful companies arent feeling the heat, at least not yet. Google, Facebook, and Amazon.com escaped criticism on July 24, when Senate Minority Leader Charles Schumer of New York and House Minority Leader Nancy Pelosi of California unveiled what the party is calling its Better Deal agenda.

One problem for Democrats is that these companies have been seen as friendly, as allies, as contributors to the cause,says Barry Lynn, who directs the Open Markets program of New America, a think tank whose ideas helped shape the Democratsnew platform.

Another problem for Democrats in confronting the power of the tech giants is thattraditional antitrust policy isnt well-equipped to deal with them, Lynn says.The companiesdont jack up prices to consumers, which is the usual litmus test for anti-competitive behavior.In fact, Google and Facebook Inc. offer their services free, and Amazon.com Inc. tends to push down prices in markets it enters. Instead, the giantsvictims tend to be other companiessuch as newspapers, whose advertising revenue has dried up as advertisers have migrated to Google and Facebook.

But Lynn says that, as awkward as it may be for the Democrats, a day of reckoning is inevitable. The window is closing,he said in an interview on July 24. Its becoming harder and harder to ignore the power that is controlled by Google, Facebook, and Amazon.

Some liberal Democrats have already gone after the tech giants. Senator Elizabeth Warren of Massachusetts, who was a Harvard Law School professor before entering politics, gave a speech at New America in June 2016 in which she argued that Amazon,Google, and Apple Inc.are uniquely powerful because they control widely useddigital platforms that lots of other companies depend on for survival.

More recentlyJuly 22, to be exactRepresentativeKeith Ellison of Minnesota tweeted abouta Bloomberg Businessweekcolumn by Paula Dwyer that was headlined Should Americas Tech Giants Be Broken Up?His one-word answer: YES!

If Democrats are looking for a sure vote-getting issue to use against Republicans in 2018 and 2020, going after three or four companies that Americans have a close working relationship with might seem like a long shot. Lynn admits as much but says some private polling indicates a strong current of distrust of the companieseven stronger than distrust of banks.His explanation? People can like an interface, their personal relationship, while at the same time thinking that the corporation has too much power.

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That said, Lynn doesnt see this as primarily a consumer issue, at least at first. Its not a wide uprising. What we do see is a number of other businesses with a lot of influence are starting to say that something has to be done about these three companies.Adds Lynn: Once people get their heads around the idea that action by the government wont wreck the economy, wont wreck these companies, but will make them serve the interest of the average entrepreneur, customer, civilian, we shouldnt have much of a problem.

I also spoke with Marshall Steinbaum, a fellow and research director of the Roosevelt Institute in New York. We have the strongest antitrust laws in the world, but we have the weakest enforcement of any leading economy,he said. I definitely think this is a step in the right direction.If they live up to those words, it will represent a major change in policy.

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Democrats' 'Better Deal' Is Silent on Google, Facebook, and Amazon - Bloomberg