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.”
#84: WhatsApp with Brazil?
#83: Europe's War on Google
#82: Tech Policy in Europe
#81: How Stuff Works: Software-Defined Networking 101
#80: FCC Comm'r Ajit Pai Dissents on Charter-TWC Merger
#79: Uber Shuts Down in Austin, TX
#78: Permissionless Innovation
#77: Facebook Bias? The Right Over-Reacts
#76: Little Rock's Taxi Monopoly is on Trial
#75: War on Drug Phones
#74: The Role of Phone Companies in Surveillance
#73: On Amazon's Design, Gov't Knows Best
#72: Regulating Bitcoin
#71: How Stuff Works: Bitcoin 101
#70: Auctioning the Airwaves
#69: TWC-Charter Merger and FCC Extortion
#68: Uber Settles a Lawsuit
#67: Killing the Cable Box
#66: Government Transparency
#65: Student Debt and Technology
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