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On the Media

Making America Antitrust Again

On the Media

WNYC Studios

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4.68.7K Ratings

🗓️ 5 June 2019

⏱️ 16 minutes

🧾️ Download transcript

Summary

Where the movement to break down corporate concentration is headed.

Transcript

Click on a timestamp to play from that location

0:00.0

This is your regularly scheduled midweek OTM podcast. I'm Bob Garfield.

0:06.8

The U.S. House Speaker Nancy Pelosi says the era of self-regulation is over for Silicon Valley.

0:12.7

Democrats have warned Amazon, Apple, Facebook, and Google that the antitrust investigation is coming.

0:18.9

The giant tech companies right now are eating up little tiny businesses,

0:24.4

startups, and competing unfairly.

0:27.6

There's a tremendous amount of concern about the largeness of these technology platforms.

0:31.9

This is an opportunity to really, in a very...

0:34.1

That was Congressman David Cicillini of Rhode Island on CNN talking about the House's

0:40.5

Antitrust Committee probe into mainly unchecked power of tech giants like Google,

0:46.5

Facebook, Apple, and Amazon.

0:48.3

The investigation could include public hearings and subpoenas toward eventual antitrust intervention into the

0:55.8

businesses of Silicon Valley Leviathans. The news came on the same day that the Wall Street

1:00.9

Journal reported that the Federal Trade Commission and the Justice Department are expanding their

1:06.6

oversight into alleged anti-competitive practices of Facebook and Google.

1:12.6

Last November, Brooke spoke with Stacey Mitchell, co-director of the Institute for Local

1:18.0

Self-Reliance on the subject of Amazon's domination over industry after industry and where

1:24.2

we stand today in the arc of antitrust regulation.

1:28.2

In 2018, Mitchell wrote an article for The Nation called,

1:32.0

Amazon doesn't just want to dominate the market, it wants to become the market.

1:37.1

She begins America's relationship with monopolies with the rise of the railroads

1:41.6

and how the industrialists that owned the tracks, the cars,

1:45.7

the wheels of commerce, extorted money from small businesses and farmers and blocked competitors

...

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