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The Intelligence from The Economist

Stores of value: regulators lean on app vendors

The Intelligence from The Economist

The Economist

News, Daily News, Global News

4.63.6K Ratings

🗓️ 27 May 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

Apple and Alphabet operate what is in effect a smartphone-app duopoly. Governments want to curb their power, but it is not clear whether more competition would change things. We ask why India’s election is so eye-wateringly expensive; the country’s size is not the only answer (08:59). And new approaches in the old fight against swarms of locusts (14:07).


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Transcript

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0:00.0

The Economist.

0:04.0

Hello and welcome to the Intelligence from The Economist.

0:10.0

Hello and welcome to the Intelligence from The Economist.

0:12.0

I'm Ora Ogunbee and this is my last week

0:15.0

is my last week hosting the intelligence.

0:17.0

And not just a little saddened by that news, I'm Jason Palmer.

0:20.0

Every weekday we provide a fresh perspective on the events shaping your world.

0:25.0

India's election is well underway.

0:31.0

Yes, still, it takes a long time for almost a billion people to vote.

0:36.8

It's also proving very expensive.

0:41.3

And there are some pretty old books out there that show how long the desert locust has been an agricultural past.

0:48.0

We look at how swarms are changing alongside the climate and how new and old technology can keep them from

0:55.0

plaguing farmers. First up though, though.

1:07.0

If you're going to If your day is

1:17.2

day is anything like mine from the moment you wake up

1:26.0

Your day is relentlessly punctuated by smartphone apps. Checking the weather forecast, checking the 381 bus forecast, reading the news,

1:31.0

messaging colleagues, getting messages from... Reading the news. Messaging colleagues.

1:34.0

Getting messages from colleagues.

1:36.0

Snapping a picture of a particularly charming pup.

1:40.0

Sharing it with a dog-loving friend or wife.

1:44.0

Reading a saved article, getting directions to dinner, paying for dinner.

1:48.0

Hailing a cab streaming a movie.

...

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