4.5 • 705 Ratings
🗓️ 11 March 2019
⏱️ 9 minutes
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0:00.0 | Welcome to Axis ProRata, a podcast that takes just 10 minutes to get you smarter on the collision of tech business and politics. |
0:07.5 | I'm Dan Permack. On today's show, some thoughts on what automation really means for workers and why cloud software is more about the oceans than the skies. |
0:16.9 | But first, Elizabeth Warren's plan to break up big tech. So last Friday, presidential candidate and Massachusetts Senator Elizabeth Warren unveiled a new plan to combat the growing power and influence of big technology companies, like Google, Facebook, and Amazon. |
0:31.7 | Like much of Warren's policy prescriptions, this is about, in her words, making sure companies, quote, play by the rules, call it conscious |
0:38.9 | capitalism rather than democratic socialism. But she also wants to rewrite and strengthen those |
0:44.6 | rules, including antitrust regulations that are now over 100 years old. So, two big planks to her |
0:50.5 | plan. First, Warren wants to basically prohibit large tech companies from both |
0:54.6 | owning a network and participating on that same network, saying it creates a conflict of interest. |
0:59.7 | So, for example, in the case of Amazon, think about how it creates its own private label |
1:04.1 | products that compete against third-party sellers all within the Amazon ecosystem. |
1:09.3 | Second, Warren wants to appoint regulators who would roll back existing mergers she views as |
1:14.4 | anti-competitive, and not just relatively recent ones, like Amazon buying Whole Foods or even |
1:19.2 | Facebook buying WhatsApp. |
1:20.8 | For example, she'd like to unwind Google's purchase of double-click, which would be nearly |
1:25.1 | 14 years old by the time of President Warren takes office. |
1:29.2 | So all of this would obviously be a radical change for Silicon Valley and big tech, |
1:33.5 | but it's clearly where the Democratic Party is headed as a whole. |
1:37.3 | And for President Trump, who regularly bashes these same big tech companies, |
1:41.7 | it could become very tricky to oppose on a debate stage. |
1:45.1 | In 15 seconds, we'll go deeper with Axios Tech Policy Reporter David McCabe. |
1:49.2 | But first, this. |
1:50.7 | There is more news out there than ever before, but these days, it's harder than ever to find it and to know what to trust. |
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