Why tech industry monopolies could be a 'curse' for society
Clip: 1/17/2019 | 9m 11sVideo has Closed Captions
Why tech industry monopolies could be a 'curse' for society
In the early 20th century, Standard Oil was broken up because of its vast power. Today, many think Facebook, Google or Amazon present similar threats, but they proceed unchallenged. In "The Curse of Bigness," law professor Tim Wu argues that America has abandoned antitrust enforcement and left us with an economy dominated by de facto monopolists. Economics correspondent Paul Solman reports.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Why tech industry monopolies could be a 'curse' for society
Clip: 1/17/2019 | 9m 11sVideo has Closed Captions
In the early 20th century, Standard Oil was broken up because of its vast power. Today, many think Facebook, Google or Amazon present similar threats, but they proceed unchallenged. In "The Curse of Bigness," law professor Tim Wu argues that America has abandoned antitrust enforcement and left us with an economy dominated by de facto monopolists. Economics correspondent Paul Solman reports.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...