Monopoly is Un-American: Matt Stoller on Google Antitrust

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 23 October 2020

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Matt Stoller works with the American Economic Liberties Project and is the author of “Goliath: The 100-Year War Between Monopoly Power and Democracy” as well as the popular Substack newsletter “BIG.” In this conversation, he and NLW discuss the history of American antitrust sentiment and politics including: The origins of antitrust sentiment How the “Watergate Babies” generation of Democrats turned away from antitrust sentiment How the 1990s shifted power in favor of corporates and tech Why the 2008-2009 crisis was a seminal moment in our attitudes towards big finance The significance of the new antitrust case against Google Find our guest online: Twitter: @matthewstoller Web: mattstoller.com

Transcript

Click on a timestamp to play from that location

0:00.0	It's a huge deal. It's the most important antitrust case brought in at least 20 years,
0:03.8	maybe one of the most important of all time. Not only because Google is a trillion-dollar behemoth
0:08.6	that's controlling information flow, which is, you know, that's super important to any democratic
0:13.4	society, but also because it is a repudiation of that pro-monopoly ideology that really got
0:20.1	inculcated in the early 1980s.
0:22.5	It's a conservative Republican administration that's bringing the case.
0:25.9	So that's it.
0:27.0	The old libertarian model is done.
0:29.5	This is a country that is going to fight monopolies.
0:33.9	Welcome back to The Breakdown with me, NLW.
0:38.0	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:43.9	The breakdown is sponsored by crypto.com, nexo.io, and elliptic, and produced and distributed by CoinDess.
0:52.0	What's going on, guys? It is Thursday, October 22nd, and on Tuesday, we had a momentous
0:58.7	announcement. The Department of Justice filed an antitrust lawsuit against Google.
1:05.5	My guest today, Matt Stoller, is one of the best-known writers and thinkers on the topic of antitrust, monopoly,
1:13.8	and corporate political economy in America.
1:17.0	He's the director of research at the American Economic Liberties Project and the author of
1:21.6	Goliath, The Hundred Year War Between Monopoly, Power, and Democracy.
1:26.5	He also writes a substack newsletter called Big that is all
1:30.1	about corporate power and monopoly in America. I was tempted on this show to focus exclusively on
1:37.1	the Google antitrust case, but one of the things that I think is so important about Matt's work
1:42.7	on antitrust history is that when we talk about
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.