Season 1 · Episode 97
Is it time to break up the Internet giants?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
April 25, 201829m 48s
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Show Notes
With Mark Zuckerberg being probed by the US government recently, and similar hearings being held in the UK, there’s been a lot of discussion lately about whether the Internet giants wield too much power. In this edition of the Debunking Economics podcast Phil Dobbie asks Prof Steve Keen why we don’t treat them as monopolies, and force their break-up into smaller, competing operators. Steve doesn’t agree. He says the problem is, such a move would force prices up, rather than down. But it’s not just a question of price, surely?
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