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The Intelligence from The Economist

Living larger: Google’s challenges

The Intelligence from The Economist

The Economist

News, Global News, Daily News

4.53.7K Ratings

🗓️ 31 July 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

Enormous growth over 22 years has brought challenges, both from within and from outside; we examine the tech behemoth’s prospects. Wealth has always exploded wherever humans interacted more—and so have epidemics. We look back on the historical links between economic success and hygiene. And Dubai tries to lure tourists for its sweltering summer season. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer

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Transcript

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0:00.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

0:10.1

Every weekday we provide a fresh perspective on the events shaping your world.

0:18.5

With more trade and more urbanization comes more wealth. Lots of humanities riches have

0:23.8

come from interacting more closely. So have all of it epidemics. We take a long trip

0:29.9

through the history of hygiene and its connection to economic growth.

0:34.3

And a summer holiday in Dubai is a hard sell. It gets so hot you can cook a frozen pizza

0:41.3

in a parked car. But now it has a handle on the pandemic, the city is

0:45.8

luring visitors for the steamy season. Don't worry, the national carrier will

0:50.0

ensure you for any COVID-19-related bills.

0:55.5

First up though.

1:00.3

Big tech companies are under pressure. Simply put, they have too much power.

1:06.5

This week the heads of Apple, Facebook, Amazon and Google's parent company Alphabet

1:11.5

were summoned to answer questions in Congress.

1:14.3

Each platform is a bottleneck for a key channel of distribution.

1:18.1

Where they control access to information or to a marketplace, these platforms had

1:22.5

the incentive and ability to exploit this power.

1:25.9

On this issue, as on few others, Republicans and Democrats agree, big tech's influence

1:31.7

is too broad. In the five hour hearing, the executives were grilled on everything

1:36.9

from hobbling the competition to suppressing free speech. Alphabet's chief executive

1:42.1

Sundar Pachai faced questions from representative Val Demings on Google steadily shifting its privacy policy.

1:48.7

Practically, this decision meant that your company would now combine, for example,

1:52.9

all of my data on Google, my search history, my location from Google Maps,

...

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