In this episode, we pull apart Elizabeth Warren's plan to break apart big tech companies. It's a bold plan to address the concentrated power structures tech monopolies are creating. The solution seems pretty straightforward and draws historically from our past of breaking up the big robber-baron monopolies of oil, telephone, and steel. Where the plan falls short is to take into the account the nature of these modern organizations, and how breaking up them and socializing aspects of their companies will not have the same impact today in comparison to the past. The discussion wraps up exploring alternatives that could be used to break up corporate dominance and financialization in the United States.
August 27, 2019