The Prof G Pod with Scott Galloway Antitrust in the Age of Monopolies — with Tim Wu
Jan 26, 2023
Tim Wu, a Columbia University law professor and former member of President Biden’s antitrust committee, dives into the complexities of antitrust regulation. He discusses the legal landscape surrounding AI and image licensing, including lawsuits against AI art generators. Tim reflects on his White House experience, addressing the personal costs of public service. The conversation also touches on the challenges of regulating monopolistic behaviors in big tech, and the growing impact of corporate lobbying on antitrust efforts.
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Renewed Antitrust Focus
- The US government has stepped up antitrust efforts, particularly against Big Tech.
- Several major merger attempts have been blocked, signaling a shift in enforcement.
Lobbying Influence
- Tech lobbyists influenced policy by threatening ad campaigns against senators supporting antitrust bills.
- This tactic, involving money and targeted ads, affected legislative outcomes.
EU's Antitrust Leadership
- The EU may lead in antitrust actions against Big Tech, potentially impacting US policy.
- American tech companies might adopt EU regulations to maintain consistency.
