Techmeme Ride Home (Bonus) Silicon Valley and Monopoly With Matt Stoller
Jun 29, 2019
Matt Stoller, a Fellow at the Open Markets Institute and an expert on antitrust, dives into the complexities of monopoly power in the tech industry. He discusses the impending regulatory actions against Big Tech, fueled by growing frustrations from smaller firms. Stoller highlights a political shift regarding monopolization and reflects on Silicon Valley's anti-monopoly roots. The conversation critiques historic antitrust cases and emphasizes the urgent need for stronger regulations to protect innovation and competition in a digital age.
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Big Tech and Regulation
- Big Tech faces potential regulatory action due to concerns about monopoly power.
- Matt Stoller, an expert on monopoly power, believes significant action is imminent.
Big Tech as a Political Issue
- Congressional hearings on cable TV prices in the early 90s showed how politicians can impact daily lives.
- The current bipartisan agreement on Big Tech regulation makes it a winning political issue.
Bipartisan Agreement on Concentration
- In a recent House hearing on newspapers and Big Tech, most participants agreed on the existence of a concentration problem.
- This bipartisan agreement extends to issues like pharmaceutical prices, defense contractors, and securities markets.
