
Mike Munger - What’s Wrong With Anti-Trust and Industrial Policy?
The Curious Task
00:00
Are Giants a Problem?
The only way that we can solve the problem of trust is i look and your driver has a thousand good reviews, i think this is going to be safe. I want to go from burna to a prague. There's no cars. You don't have any inventory. The software's not o you have to have a whole bunch of enough density of transactions to have people start using it. But unless you have that, they won't start use it. And you need a big inventory of reviews. So platforms, by their nature, become giants, precisely because the economies of scale, in triangulation, transfer and particularly trust, look like entry barriers. Breaking them up is pointless
Transcript
Play full episode