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Glen Weyl on Antitrust, Capitalism, and Radical Reform
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Glen Weyl on Antitrust, Capitalism, and Radical Reform

E. Glen Weyl and Russ Roberts
EconTalk, 2021
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Editorial Rating

9

Qualities

  • Innovative
  • Eye Opening
  • Bold

Recommendation

US antitrust laws have been a staple of corporate governance since the landmark Sherman Act of 1890. But the 21st century looks far different from the days of the government-mandated break-ups of US Steel and AT&T. Today, technology behemoths like Google, Facebook and Amazon are redefining business models and monopolies. In this fascinating and informative Q&A, EconTalk’s Russ Roberts and Microsoft’s E. Glen Weyl take a deep dive into the nuances of antitrust, capitalism and their impacts on democracy. Anyone concerned about rising monopoly power will find this a valuable discussion.

Take-Aways

  • Legislators must develop a new antitrust regime to address the modern economy.
  • Technology network effects are upending traditional antitrust models.
  • The power dynamic between corporations and their customers is at the crux of the antitrust issue.

About the Speakers

Russ Roberts is the host of EconTalk, a weekly economics podcast. E. Glen Weyl is a political economist and social technologist in Microsoft’s Office of the Chief Technology Officer.

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