Economist Podcasts
Google’s lurch: how to fix its monopoly
Oct 9, 2024
Alice Fullwood discusses the implications of a recent ruling against Google's market dominance, shedding light on the complexities of antitrust laws. Kate Parker explores innovative robotics for fixing leaking water pipes, highlighting crucial technological advancements amidst climate challenges. Vishnu Padmanabhan recommends captivating football literature, showcasing the game's resilience in tough times, particularly in places like Ciudad Juarez. The conversation intertwines global economic issues and cultural insights, making for a thought-provoking dialogue.
21:51
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Quick takeaways
- The U.S. Department of Justice is pursuing antitrust measures against Google to address its monopolistic behavior in the search engine market.
- Technological solutions, like robotics and leak noise loggers, are emerging to combat the global issue of leaking water pipes effectively.
Deep dives
The Antitrust Case Against Google
The U.S. government is actively pursuing antitrust actions against Google, focusing on its dominance in the search engine market. Google currently handles around 90% of all search queries in the U.S., raising concerns about its ability to block competition through default agreements with device manufacturers and browser developers. These agreements, which include hefty payments to companies like Apple, effectively limit consumer choice by making Google the default search engine. The Department of Justice's case contends that this monopolistic behavior not only stifles competition but also allows Google to inflate advertising prices within the search market.
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