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307. Thinking Is Expensive. Who’s Supposed to Pay for It?

Freakonomics Radio

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Amazon, Google, and Facebook

Swati Bhatt teaches economics of the Internet at Princeton. She sees parallels between modern tech behemoths and what we traditionally think of as monopolies. The dominance that these companies exert ends up trickling through the cultural, intellectual ecosystem. But a modern tech behemoth has a particularly modern advantage: ownership of a scarce resource.

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