I just I don't understand the argument that a large firm say has more power over me. We have plenty of market power you and I just one person. There's no bargaining. The wage that economists make is determined by how much opportunity we have elsewhere. Do you believe that they are able to exploit workers or charge less because they're bigger than they were? Well, there are two areas. And again, I did some of these are not as central for our arguments but it's useful to to talk through them.
Economist and author Daron Acemoglu of MIT discusses his book Power and Progress with EconTalk host Russ Roberts. Acemoglu argues that the productivity and prosperity that results from innovation is not always shared widely across the population. He makes the case for the importance of regulating new technologies to ensure that the benefits of innovation are distributed equitably.