Last September, 50 American attorneys general announced an investigation into Google's domination of internet advertising and search. The Federal Trade Commission said in December it was going to investigate the fairness of how Facebook integrated its apps. Antitrust policy, aimed at preventing corporations from exerting monopoly power that harms competitors and consumers, is a regular part of the news cycle.
We spoke about this development with Matt Stoller, author of the antitrust history "Goliath," and a researcher at the Open Markets Institute who helped put an antitrust plank back into the Democratic platform for the first time since 1992.
He attributed the buzz around antitrust to Warren, who began calling for breaking up Big Tech back in 2016. Stoller, however, has seen that there is also notable Republican support for strengthening antitrust, most loudly from Trump's ally Sen. Josh Hawley.
To Stoller, the past 40 years of deregulation have resulted in a power structure that has exacerbated inequality, and antitrust is a key lever for reversing it. "We have the choice of whether we want to govern or let them govern," he said, referring to the country's largest corporations. "And that's really what's on the ballot right now."
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