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.”
#124: Suing a Website
#123: Flytenow and Plane-sharing
#122: Saving Local News
#121: An Uber Bailout For Taxis
#120: From 4G to 5G
#119: FCC Loses on Government Broadband
#118: Subsidizing Uber
#117: FBI Spying on Journalists
#116: Digital Free Speech Part 2 with FEC Commissioner Lee Goodman
#115: Brexit and Tech
#114: The Internet of Cars
#113: Wikipedia for Data
#112: Verizon Shifts on Business Broadband
#111: FDA Cracks Down on E-Cigs
#110: TechFreedom Appeals FCC Power Grab
#109: Small Business and the Internet
#108: Microsoft Beats Justice Department in Ireland
#107: Digital Free Speech (w/ FEC Commissioner Lee Goodman)
#106: GOP Tech Platform: The Good, Bad, the Vague
#105: GOP Platform: Who Governs the Internet?
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