Matt Stoller on Modern Monopolies

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4.7 • 4.3K Ratings

🗓️ 25 December 2017

⏱️ 70 minutes

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Summary

Matt Stoller of the Open Market Institute talks with EconTalk host Russ Roberts about the growing influence of Google, Facebook, and Amazon on commercial and political life. Stoller argues that these large firms have too much power over our options as consumers and creators as well as having a large impact on our access to information.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:08.1	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:12.7	Our website is econtalk.org where you can subscribe, comment on this podcast, and find
0:17.6	links and other information related to today's conversation.
0:20.6	We'll also find our archives where you can listen to every episode we've ever done going
0:24.9	back to 2006.
0:27.1	Our email address is mailadycontalk.org.
0:29.6	We'd love to hear from you.
0:33.7	Today is December 14, 2017.
0:35.5	And my guest is Matt Stolar.
0:37.8	Matt is a fellow with the Open Markets Institute, and he has been writing some very provocative
0:41.5	pieces on monopoly power in antitrust, particularly in the tech sector that we'll link to.
0:47.5	And he's also working on a book on the history of monopoly in the 20th century.
0:51.3	Matt, welcome to Econ Talk.
0:52.3	Hey, thanks for having me.
0:54.9	Now our main topic for today is going to be what we might call the big three Google
0:58.4	Facebook and Amazon, but I'm sure we'll get into other things as well.
1:01.6	But I want to start with them as you do in some of the pieces you've been writing.
1:07.5	What's alarming about them?
1:08.5	They seem to be very popular.
1:11.0	People like using these services, the companies provide.
1:16.1	What's alarming?
	...

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