The Prof G Pod with Scott Galloway

The DOJ's Case Against Google

Oct 22, 2020
Roger McNamee, an influential businessman and author of "Zucked," joins the discussion to dissect the DOJ's antitrust lawsuit against Google. He highlights how monopolies hinder innovation and democracy. The conversation also probes into the gig economy's societal effects and the need for stronger regulations. McNamee argues for a more ethical digital landscape, emphasizing the role of misinformation during crises. Additionally, he shares insights on investments in the current market, touching on Bitcoin and evolving business strategies.
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INSIGHT

Monopoly Power Abuse

  • Monopoly power itself isn't illegal, abusing it is.
  • Economic policy has shifted, prioritizing consumer prices over concentrated power's broader impact.
INSIGHT

Economic Harms of Monopoly

  • Monopolies harm the economy by stifling small businesses and prematurely ending larger ones.
  • Consumers also suffer from limited choices and a lack of awareness about what they might be missing.
INSIGHT

Societal Harms of Monopoly

  • Internet platforms amplify hate speech and disinformation, giving extreme voices excessive power and undermining democracy.
  • This manipulation has worsened the public health response to events like the COVID-19 pandemic.
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