Cramer says Washington's Big Tech antitrust case carries no weight

CNBC's Jim Cramer told investors Monday about the government's antitrust lawsuits against big names at Big Tech companies. apple, alphabetGoogle and Amazon — Not justified.

“Honestly, I wish the White House would admit the truth. They want to reduce the power of the biggest companies,” he said. “Then why not legislate? Instead of trying to get a mega-cap under an existing law that isn’t actually being violated.”

The Federal Trade Commission's lawsuit against Amazon alleges that the company uses “monopoly power” to stifle competition, raise prices, reduce quality for consumers and illegally exclude competitors. ing. The Justice Department has accused Alphabet Inc.'s Google of trying to control every aspect of the digital advertising market, to the detriment of website creators and advertisers. The Justice Department also argued that Apple has a “smartphone monopoly” that makes it difficult and expensive for consumers and developers to step outside of the Apple ecosystem.

“It's not illegal to beat your competitors,” Cramer argued, reinforcing his position that these lawsuits are driven by the government's desire for the three companies to be less big and powerful.

“Think about what would happen if the FTC and the judiciary got their way. If they killed Amazon, would we have to go back to the store and at least pay more for Prime? ?If they destroy Google, I think they're going to take our company away,' asks Claude.'' Kramer said. “And if they get; [Apple CEO] Tim Cook, perhaps for the first time, someone will want a Nokia smartphone. ”

The Justice Department and FTC did not immediately respond to requests for comment.

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Disclaimer CNBC Investing Club Charitable Trust owns stock in Alphabet, Amazon, and Apple.