In 2017 or so, people started to assert that the FAANG companies—Facebook, Amazon, Apple, Netflix, and Google—were unstoppable juggernauts. Lately that claim has taken some hard hits, as Facebook (now Meta) and Netflix, facing stiff competition, have seen their stock prices tumble. Adam Thierer, senior research fellow at the Mercatus Center, joins the show to discuss how the Schumpeterian “gale of creative destruction” unseats dominant market players, why government antitrust cases so often look foolish in hindsight, and why we should celebrate innovation (spoiler: it leads to progress and human betterment). Adam also discusses his book Evasive Entrepreneurs and the Future of Governance: How Innovation Improves Economies and Governments.
Corbin’s piece on monkeys and double pendulums—mentioned around 20:30—is “Can Experts Structure Markets? Don’t Count on It.”
#164: Blogging in Ethiopia
#163: Online Sales Tax
#162: Should Government Pay for Broadband?
#161: Spying on the World
#160: Privacy at the Border
#159: Next-Gen TV
#158: Who Owns Your Data?
#157: Counterpoint on Trump's FCC
#156: Car Talk
#155: Supreme Court of Tech
#154: Augmented Reality and Poképolicy
#153: Trump Picks Ajit Pai for FCC Chair
#152: Uber Dodges Bullet in Maryland
#151: 16 Going on 17
#150: If Hotels Could Regulate Airbnb
#149: Do Smart Cars Need Smart Roads?
#148: Fake News and Filter Bubbles
#147: Secret Law
#146: Robot Scalpers and the BOTS Act
#145: Chicago's War on Homesharing
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