Jon Stewart interviewed Federal Trade Commission Chair Lina Khan on the Daily Show, and told the audience Apple blocked him from inviting her as a guest on his previous Apple TV podcast.
I watched Jon Stewart's interview of Lina Khan on the April 1 episode of The Daily Show. I enjoyed the heck out of it while still learning a few things. Ms. Khan was impressive. She came across as focused and unflappable, delivering her message in a low keyed manner, leaving Jon Stewart to chew up the scenery.
It's nice to see an energized SEC finally enforcing our laws, pushing back against the relentless concentration of corporate power that has been slowly crushing America's spirit and economy.
This is a video that every American needs to see and digest how monopoly power has transferred an estimated 50Trillion dollars from the middle class and the poor to the 1% and continues to steal from the 90+%. The gop with help from the democrats have ignored enforcement of existing anti-trust for the last 40+ Leading to a massive consolidation of corporations giving corporations absolute market power to raise prices generating excess profits for executives and shareholders.
The 1% have used their massive wealth to buy congress and state legislators to pass laws to destroy unions and to stop workers from getting a fair share of corporate profits. Labor produces the products of corporations and are also the consumers that buy products they produce.
Lina Kahn is one of the most brilliant individuals in government fighting a fight for all Americans to take back the American economy from the arrogant and greedy rich. Everyone needs to understand the US economy is no longer a free market economy. The American economy is monopolistic where competition is no longer determines the prices consumers pay in the market. Corporations now set prices in collusion with each other, living consumers with no option other than not purchasing consumer products they no longer can afford.
This is a video that needs to be seen by everyone. Pass it on.
What Apple succeeded in doing temporarily to censor Jon Stewart is not dissimilar to the way Elon Musk throttles discuss about progressive efforts to reform immigration. The basic point is the same. Too big is very bad. Very bad for the economy and for democracy.
Ars Technica and The Register, too! She did a great job in the interview — scoring points, enlightening viewers with understandable examples, and sending a couple of clear warning shots across the bows of the AI community. Go, Lina! Keeping the current FTC and DOJ Antitrust appointments in place and working for us is by itself a critical reason for keeping the current administration in office through 2028.
Thanks for mentioning that 1951 SCOTUS case involving the Lorain Journal. Born and reared in Lorain County, I became familiar with the Journal decades ago, but was not aware the tactics of such monopolies. As for WEOL--my hometown radio station that continues to broadcast and still, I believe, the sole radio station in the county-- we boomers for the most part knew it as the station where we'd tune in to Cleveland's pro sports teams. Had SCOTUS not so ruled, I shudder to consider the ramifications.
“Suppose you worked 50 hours a week between the ages of 20 and 65 – week in week out, year in year out – how much would your hourly wage need to be so that by the end you had amassed Musk’s wealth? The answer is: $1,871,794 per hour. Almost two million dollars per hour. Every working hour for 45 years.”
Disclaimer for ranters: I am not necessarily espousing any of Ms.Robeyns’ proposals.
Some may, however, find food for thought in conjunction with the subjects of monopolies and oligopolies. When economies of scale become so lopsided that mom and pop stores have virtually disappeared in the US and “independent sites are now being killed en masse”, one must start somewhere to find solutions. Reading books like “Goliath…” and “Limitarianism” are informative starting points.
They censor. Maybe learned from the masters, the CCP.
But, more importantly, they prevent competition, open markets & innovation. Until power returns to the people, including accessibility to markets & freedom to operate, they will continue to exert pressure to limit “bad press”.
Absolutely in keeping with Khan's overall dedication and commitment to the FTC's overall mission. In fact, I just put in an FTC Complaint, today, (Report # assigned was 171489023), and the webform was amazingly easy to use! I got to say what I came to say, without having to jump through hoops; unlike some gov webforms out there in cyberspace. I'm not a bit surprised. Professionalism through and through, is Khan. And that comes out in her entire organization. The fact that the FTC makes it easy to tell them what's going on with any company, speaks volumes.
Great article, thanks Matt. One of the things I find so intriguing is opposition to breaking up big tech. Supposedly, it's investors who should be opposed. I gather their benefit from buy-backs or maybe dividends would be at risk, but big tech stock isn't going really likely to significantly move yoy. The REAL investor opportunity is from the break up, where multiple stocks would be in great position to significantly impact their new dedicated market. Or am I missing something?
I watched Jon Stewart's interview of Lina Khan on the April 1 episode of The Daily Show. I enjoyed the heck out of it while still learning a few things. Ms. Khan was impressive. She came across as focused and unflappable, delivering her message in a low keyed manner, leaving Jon Stewart to chew up the scenery.
It's nice to see an energized SEC finally enforcing our laws, pushing back against the relentless concentration of corporate power that has been slowly crushing America's spirit and economy.
https://youtube.com/watch?v=CnC9JV5YtBY&si=WFJGE96gcrT_Ow6K
This is a video that every American needs to see and digest how monopoly power has transferred an estimated 50Trillion dollars from the middle class and the poor to the 1% and continues to steal from the 90+%. The gop with help from the democrats have ignored enforcement of existing anti-trust for the last 40+ Leading to a massive consolidation of corporations giving corporations absolute market power to raise prices generating excess profits for executives and shareholders.
The 1% have used their massive wealth to buy congress and state legislators to pass laws to destroy unions and to stop workers from getting a fair share of corporate profits. Labor produces the products of corporations and are also the consumers that buy products they produce.
Lina Kahn is one of the most brilliant individuals in government fighting a fight for all Americans to take back the American economy from the arrogant and greedy rich. Everyone needs to understand the US economy is no longer a free market economy. The American economy is monopolistic where competition is no longer determines the prices consumers pay in the market. Corporations now set prices in collusion with each other, living consumers with no option other than not purchasing consumer products they no longer can afford.
This is a video that needs to be seen by everyone. Pass it on.
What Apple succeeded in doing temporarily to censor Jon Stewart is not dissimilar to the way Elon Musk throttles discuss about progressive efforts to reform immigration. The basic point is the same. Too big is very bad. Very bad for the economy and for democracy.
Ars Technica and The Register, too! She did a great job in the interview — scoring points, enlightening viewers with understandable examples, and sending a couple of clear warning shots across the bows of the AI community. Go, Lina! Keeping the current FTC and DOJ Antitrust appointments in place and working for us is by itself a critical reason for keeping the current administration in office through 2028.
Thanks for mentioning that 1951 SCOTUS case involving the Lorain Journal. Born and reared in Lorain County, I became familiar with the Journal decades ago, but was not aware the tactics of such monopolies. As for WEOL--my hometown radio station that continues to broadcast and still, I believe, the sole radio station in the county-- we boomers for the most part knew it as the station where we'd tune in to Cleveland's pro sports teams. Had SCOTUS not so ruled, I shudder to consider the ramifications.
“Suppose you worked 50 hours a week between the ages of 20 and 65 – week in week out, year in year out – how much would your hourly wage need to be so that by the end you had amassed Musk’s wealth? The answer is: $1,871,794 per hour. Almost two million dollars per hour. Every working hour for 45 years.”
https://www.theguardian.com/books/2024/jan/21/limitarianism-the-case-against-extreme-wealth-ingrid-robeyns-extract
Disclaimer for ranters: I am not necessarily espousing any of Ms.Robeyns’ proposals.
Some may, however, find food for thought in conjunction with the subjects of monopolies and oligopolies. When economies of scale become so lopsided that mom and pop stores have virtually disappeared in the US and “independent sites are now being killed en masse”, one must start somewhere to find solutions. Reading books like “Goliath…” and “Limitarianism” are informative starting points.
They censor. Maybe learned from the masters, the CCP.
But, more importantly, they prevent competition, open markets & innovation. Until power returns to the people, including accessibility to markets & freedom to operate, they will continue to exert pressure to limit “bad press”.
Absolutely in keeping with Khan's overall dedication and commitment to the FTC's overall mission. In fact, I just put in an FTC Complaint, today, (Report # assigned was 171489023), and the webform was amazingly easy to use! I got to say what I came to say, without having to jump through hoops; unlike some gov webforms out there in cyberspace. I'm not a bit surprised. Professionalism through and through, is Khan. And that comes out in her entire organization. The fact that the FTC makes it easy to tell them what's going on with any company, speaks volumes.
(No, my Complaint had nothing to do with Apple.)
Great article, thanks Matt. One of the things I find so intriguing is opposition to breaking up big tech. Supposedly, it's investors who should be opposed. I gather their benefit from buy-backs or maybe dividends would be at risk, but big tech stock isn't going really likely to significantly move yoy. The REAL investor opportunity is from the break up, where multiple stocks would be in great position to significantly impact their new dedicated market. Or am I missing something?
Off topic, you offering, "gift subscriptions".
I really am sad you'd use this type of marketing and not call it what it is, aren't you about transparency, integrity and being real?
How about:
I'm looking to expand my viewership /reach and experimenting with ways to do so. I'd like to offer 3 people you know a free month etc etc