Is the Role of Government to Stop Picking the Winners and Losers?

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The role of government is to create a fertile ground. It's not the role of government to stop picking the winners. All new companies start out with the world is their oyster They can serve anyone. But as they build you eventually become like a bullet train Where you can go faster and more quickly but your flexibility is almost completely gone. The opportunity is in okama or wherever it might be There's a station in okama. And remember we had a discussion with being of exponents where having a ton of assets is often viewed as a good thing. That was a great example of facebook acting like a big company. Of course, they're gonna take that money. Why wouldn't they

Ben and James discuss the antitrust subcommittee hearing, the problems of mixing antitrust and Aggregators, and how to think about regulation and democracy.

Links

Ben Thompson: Antitrust Politics — Stratechery
The New York Times: Here’s which tech C.E.O. was asked the most questions by lawmakers. — NY Times
Ben Thompson: Why Doesn’t Apple Enable Sustainable Businesses on the App Store? — Stratechery
Ben Thompson: Apple’s China Problem — Stratechery
Ben Thompson: The Antitrust Hearing, The Role of Congress, CEO Questions — Stratechery Daily Update
Ben Thompson: A Framework for Regulating Competition on the Internet — Stratechery
Ben Thompson: Ends, Means, and Antitrust — Stratechery
James Allworth: Prioritizing Economics is Crippling the U.S. Economy — Medium
Ben Thompson: TikTok Key Money, Rule By Law, China Gaslighting — Stratechery Daily Update
Ben Thompson: Tech and Trump: The Meeting — Stratechery Daily Update