#178: Is it time to break up Big Tech?
In a New York Times op-ed, Jonathan Taplin argues that Google, Facebook, and Amazon have become monopolies. With such large market shares in search advertising, social media, and e-commerce respectively, Taplin says it’s time to break up these companies — or regulate them as public utilities. Is this a fair assessment? Is Big Tech really stifling innovation? What lessons can we learn from the growth of other industries like automobiles and fossil fuels? Tech is often seen as a bright spot in our otherwise sluggish economy. Should policymakers focus their efforts elsewhere? Evan discusses with Mike Mandel, Chief Economic Strategist at the Progressive Policy Institute and co-author of a report, “The Coming Productivity Boom.”