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The John Batchelor Show

Preview: FTC: Comment by colleague Chris Riegel of #SCALAREPORT: Chris Riegel CEO, Scala.com @Stratacache, regarding the report of a rift in the Democratic Party ranks about FTC chair Lina Khan -- and the unhappiness in Silicon Valley with Khan's policies

The John Batchelor Show

John Batchelor

News, Books, Society & Culture, Arts

4.52.8K Ratings

🗓️ 10 October 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Preview: FTC: Comment by colleague Chris Riegel of #SCALAREPORT: Chris Riegel CEO, Scala.com @Stratacache, regarding the report of a rift in the Democratic Party ranks about FTC chair Lina Khan -- and the unhappiness in Silicon Valley with Khan's policies about Big Tech. More tonight.

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Transcript

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0:00.0

Conversation with my colleague Chris Regal of Scula.com read the report in the Financial Times

0:07.0

that the progressive part of the Democratic Party is extremely unhappy with the story that the nominee for the presidency, Senator, Vice President

0:17.5

Harris, has been negotiating or talking to or dealing with Wall Street and promising a change in direction at the

0:25.7

Federal Trade Commission, the FTC, headed by Lena Khan.

0:29.8

This is upsetting with progressives.

0:32.0

I ask Chris to help me understand how Silicon Valley

0:35.6

sees Lena Khan's time at the FTC. Silicon Valley being associated with in the

0:42.0

past generosity towards the

0:44.9

Democratic Party and now is Chris more of this tonight.

0:50.3

John it it certainly would benefit the tech bros in Silicon Valley if Miss Con was out of the way.

0:58.0

It's quite obvious in the last four years that new tech business formation, private equity, business

1:08.1

sales and transaction levels are way down.

1:10.4

So you've seen a cohort of Silicon Valley most publicly by David Sachs the private equity and

1:16.6

venture capitalist move towards the Trump campaign on the basis that the Valley is driven by money over politics.

1:24.2

It's not red versus blue, it's all about green.

1:27.7

And in that green being cash specifically,

1:30.5

where can Silicon Valley Tech make the most money and have a political

1:35.5

environment that's most favorable to that. Ms. Khan has had her run-ins with the

1:41.1

tech environment, specifically with Google.

1:43.4

And keeping aside whether the issues and challenges of Google are or not

1:50.3

monopolistic or other, it still sets a tone that Washington and San Jose are locked in a conflict.

1:59.0

So I think you'll continue to see pressure to remove Ms. Khan or having more favorable business

...

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