Monday, January 21, 2019

TECH INDUSTRY - "Curse of Bigness"

"Why tech industry monopolies could be a ‘curse’ for society" PBS NewsHour 1/17/2019

aka "Trump Government Run by Big Corporations"

Excerpt

SUMMARY:  In the early 20th century, Standard Oil was broken up because of its vast power.  Today, many think Facebook, Google, or Amazon present similar threats, but they proceed unchallenged.  In "The Curse of Bigness," law professor Tim Wu argues that America has abandoned antitrust enforcement and left us with an economy dominated by de facto monopolists.  Economics correspondent Paul Solman reports.

Judy Woodruff (NewsHour):  At his confirmation hearing this week, William Barr, the nominee to be Attorney General, told senators — quote — "A lot of people wonder how such huge behemoths that now exist in Silicon Valley have taken shape under the nose of the antitrust enforcers."

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