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Exponent

Episode 188 — Big Tech, Antitrust, and Democracy

Exponent

Ben Thompson / James Allworth

Technology

4.6832 Ratings

🗓️ 7 August 2020

⏱️ 55 minutes

🧾️ Download transcript

Summary

Ben and James discuss the antitrust subcommittee hearing, the problems of mixing antitrust and Aggregators, and how to think about regulation and democracy. Links Ben Thompson: Antitrust Politics — Stratechery The New York Times: Here’s which tech C.E.O. was asked the most questions by lawmakers. — NY Times Ben Thompson: Why Doesn’t Apple Enable Sustainable Businesses on the App Store? — Stratechery Ben Thompson: Apple’s China Problem — Stratechery Ben Thompson: The Antitrust Hearing, The Role of Congress, CEO Questions — Stratechery Daily Update Ben Thompson: A Framework for Regulating Competition on the Internet — Stratechery Ben Thompson: Ends, Means, … Continue reading Episode 188 — Big Tech, Antitrust, and Democracy

Transcript

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0:00.0

Hi, James. Ben, how are you? I'm doing okay. How are you? Yeah, good thanks. All things

0:06.0

considered. I'm busy. I'm telling you, I've complained on multiple podcasts at this point,

0:09.6

but what's another one? I feel like because no one is traveling or going anywhere,

0:14.6

what is usually the slowest month, August, is just insane. There's like stuff happening

0:20.1

constantly.

0:21.3

It started off where it got very slow in March, everyone was locked down and people

0:25.1

don't know what to do and people are nervous and obviously just this overwhelming sense

0:29.1

of doom.

0:30.1

And, you know, the weird thing is, obviously it's not that stuff has changed that much, but

0:34.7

we talked about this on the last episode.

0:36.4

People have sort of adapted. And now they're

0:38.7

like making up for a lost time. They're just like news coming out everywhere. Right. And no more so

0:44.3

than in the Capitol. That's right. So last week, last Wednesday, the antitrust subcommittee of the

0:50.9

Judiciary Committee in the House had a hearing with the Fortex CEOs, Apple, Google, Facebook, and Amazon. Microsoft was notable by its absence, but it was clearly

1:00.6

a focus on consumer tech. And the reason I say that this was clear is not just because

1:06.8

Satchin Adele wasn't there, but it became pretty clear through the questioning that Tim Cook was only there because

1:11.9

they kind of wanted to say it they got all of them because they were not prepared to ask him

1:15.4

questions at all.

1:16.3

It was clear that all the work of the committee has been mostly focused on, I would say,

1:20.8

first and foremost, Amazon.

1:22.1

They had the most detailed stuff there.

1:24.2

They were pretty detailed about Google.

...

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