Economist Podcasts Google’s lurch: how to fix its monopoly
15 snips
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.
AI Snips
Chapters
Books
Transcript
Episode notes
Google's Antitrust Case
- The US Department of Justice is suing Google for its search monopoly.
- A judge ruled that Google's dominance is illegal, not just because it's good, but because it stifles competition.
Google's Monopoly Practices
- Google's search monopoly is not solely due to its quality.
- It's also attributed to practices that block rivals and extract monopoly rents, particularly in search advertising.
Google's Default Search Agreements
- Google pays billions to be the default search engine on browsers and phones, including $20 billion to Apple.
- This allows Google to improve its search engine, gain market share, and extract high ad profits due to its default status, alleges the court.
