Why tech giants are on edge | DW Business

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They have a staggering amount of power - influencing everything from our shopping baskets to our world view. In the past two decades, a small number of huge companies have come to shape our daily lives in profound ways. For a long time, their power grew almost unchallenged. But those days appear to be over. In both the US and the EU, authorities are cracking down on big tech companies like Apple, Alphabet, Amazon, Microsoft and Meta – accusing them of anti-competitive practices. DW Business speaks with William Kovacic, former chair of the Federal Trade Commission and Director of the Competition Law Center at George Washington University about the meaning of fair competition, whether the culture of regulation is shifting and how authorities can keep up with a rapidly evolving digital landscape.

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The monopoly on food products is even more disturbing. It’s like mostly owned by the same three companies.

justinmartin

I worked in digital advertising and big tech for few years now. Most toxic environments and people I've met in my entire career...
I've vowed to make everything possible to raise awareness against them without falling into legal for slander

mursm

Thanks for bringing on a current professor and former FTC commissioner, instead of a random think tank charlatan. This is good.

cat-.-

Yanis Varoufakis makes a compelling argument that these big tech companies have spawned technofeudalism, and what we're experiencing now isn't the same capitalism as before. They have all the control but are not answerable to the public.

tiddlypom

The way he is able to construct informative and cohesive responses without a moment of hesitation is incredible. Great video. Thank you.

wizardfromthewest

they should crackdown on the medical industry, real estate monopolies, congress and the legal corruption through lobbying.

andresballzy

Apple will be broken down into Bytes, Alphabet will be broken down into Consonants and Vowels, Amazon will be broken down into Forests, Meta will....doesn't meta

eklim

This was one of the best interviews I have seen covering this topic, great questions.

vicjtav

Competition by nature is all about eliminating your opponents. Therefore competition will never last forever until the government step in and regulate the market.

zollen

That’s what big tech companies do. Rise and fall. Nokia, Kodak, Xerox, Grundig, TDK, Atari, Commodore, IBM etc were once rocking the world, not anymore, the same will happen to Apple, Google, Tesla, Microsoft etc.

luckie

This case of giant companies having monopoly in the market is dangerous as their collapse can lead to collapse of the market. Just like what happens when certain Banks collapses.

Avatar_

kudos to DW Business! the interviews are very insightful and the topics always relevant

carl-henrycadet

A duopoly is still as undesirable as a monopoly. One part of a duopoly comes to town creates a closed system, and then they make it super expensive to use. Sounds like you are trying to prevent free exits of the system and free entry by being that expensive. Apple could have been a Microsoft-like monopoly if their ecosystem isn't closed and restrictive.
You might be the only shopping mall in town, but shoppers still prefer to choose the products they use from all kinds of manufacturers, from cheap to the expensive according to their taste and wallet.

du

They made a mistake when started offshore bank accounts

balsarmy

This is probably the first and only interview I have come across by Western media that talks about TikTok in a non-biased and honest way. The interviewer is smart and knew how to ask the right questions, and the guest is just as knowledgeable and professional in answering the questions. The fact that this is a DW programs makes it even more interesting because DW has been one of those Western media outlets that fabricate and spread misinformation about China and China related products or services.

rider