Going after Google
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 11 September 2019
⏱️ 19 minutes
🧾️ Download transcript
Summary
The attorneys general of 48 out of the 50 US states have come together to challenge the control of the search giant over what we buy or view online.
Manuela Saragosa speaks to the BBC's technology correspondent Rory Cellan-Jones about why the US anti-trust authorities have decided to join their EU counterparts in taking on Google.
Jonathan Tepper, author of the new book The Myth of Capitalism: Monopolies and the Death of Competition, takes us through the history and significance of anti-trust legislation. But are anti-monopoly laws equipped to deal with the tech giants of today? And can these companies even be called monopolies? We'll also hear from Sally Hubbard of the Open Markets Institute, and Alex Moazed, co-author of the 2016 book Modern Monopolies.
(Picture: The Google logo displayed through a magnifying glass; Credit: Chesnot/Getty Images)
Transcript
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| 0:00.0 | Hello and welcome to Business Daily from the BBC. I'm Manuel de Sara gos. Coming up, is Google too powerful? |
| 0:09.0 | Top lawyers at 40 American states think so. Most Americans think it's free to Google something, |
| 0:16.4 | but it comes at a cost, a cost at the freedom to choose the best products from the best companies. |
| 0:23.6 | In this edition, we ask why American antitrust rules haven't stopped the rise and rise of a |
| 0:30.1 | handful of tech giants. We have these huge companies that are deciding who gets to win and who |
| 0:35.7 | gets to lose. It's really detrimental to the American dream, |
| 0:38.3 | which I think is also detrimental to democracy, to hope, to everything that this country needs. |
| 0:43.7 | That's all in Business Daily from the BBC. |
| 0:50.0 | Earlier this week, the attorneys general from 48 American states gathered on the steps of the U.S. Supreme Court in Washington, D.C., to make an announcement. |
| 0:59.9 | In turn, each of them from both sides of the political fence told reporters why they would be launching a collective investigation into the dominance of Google. |
| 1:09.0 | Many consumers believe that the Internet is free. |
| 1:12.1 | Certainly we know from Google's profits of $117 billion |
| 1:15.7 | that the Internet is not free. |
| 1:18.7 | And this is a company that dominates all aspects |
| 1:22.3 | of advertising on the Internet and searching on the Internet. |
| 1:26.8 | As we announced today, the investigation into Google, |
| 1:30.3 | as a new mom, when my daughter is sick |
| 1:34.3 | and I search online for advice or doctors, |
| 1:37.3 | I want the best advice from the best doctors, |
| 1:40.3 | not the ones, not the doctor and not the clinic |
| 1:43.3 | who can spend the most on advertising. |
| 1:47.0 | This is an unusual setting right here. |
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