4.4 • 4.1K Ratings
🗓️ 23 January 2020
⏱️ 29 minutes
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0:00.0 | Hey, it's me, I'm the Rich Hast. |
0:01.7 | We have a special, extra interview episode for you this week. |
0:04.2 | Rich Senior Porter, Addy Robertson, and I sat down with Congressman David Syslini. |
0:08.2 | He's a Democrat from Rhode Island. |
0:09.5 | He's also importantly the chairman of the House subcommittee on Antitrust Commercial and |
0:13.6 | Administrative Law. |
0:15.0 | Obviously, the key word there is antitrust. |
0:18.2 | His subcommittee has been leading an investigation into the big tech platforms and how they affect |
0:22.9 | competition. |
0:23.9 | Last week on Friday, they held a hearing with executives from Sonos, PopSocket, Base Camp, |
0:29.4 | and Tile, in which those executives on the record under oath talked about how the big platforms |
0:35.1 | bully them. |
0:36.1 | Congressman Syslini's investigation is coming to a close. |
0:39.3 | You'll hear him talk about that. |
0:40.7 | They're going to produce a report and then recommended legislation about how to regulate |
0:45.3 | and manage the big platforms, how to enforce the antitrust law, potentially how to change |
0:49.5 | antitrust law. |
0:50.6 | One thing I want to call out, you're going to hear us talk about consumer harm and consumer |
0:53.8 | welfare. |
0:54.8 | It's a little bit of a complicated concept, but here's a simple version. |
0:58.1 | Right now, in order to be liable for antitrust violations, you have to meet something called |
1:03.2 | the Consumer Welfare Standard, which basically means prices go up. |
... |
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