Ed. note: This short article initially appeared in this week’s Finance Docket newsletter. You can subscribe here.
Jon Stewart is back (one night weekly) on The Daily Show, a minimum of up until the November election. Yes, it’s sending out a wave of fond memories through millennial and Gen X audiences. Beyond that, Stewart doesn’t appear to have actually lost his comical chops, or his capability to bring complex, frequently wonky, subjects to the masses.
Enter Stewart’s current interview with Federal Trade Commission chair Lina Khan. Khan has actually been outspoken in her require separating huge tech business, comparing them to Gilded Age monopolies. Under Khan the FTC has actually targeted effective business, consisting of Amazon, with antitrust lawsuits.
Stewart talked about antitrust problems with Khan, and matters got back at more fascinating when the discussion turned to expert system and its possible to displace human employees. “I wanted to have you on a podcast, and Apple asked us not to do it,” stated Stewart, describing limitations his previous company put on the material he was trying to put out on the subject. “Why are they so afraid to even have these conversations out in the public sphere?”
Khan responded that a position like the one taken by Apple “just shows one of the dangers of what happens when you concentrate so much power and so much decision-making in a small number of companies.” She included that throughout the history of this nation, “there was a recognition that, in the same way that you need the constitution to create checks and balances in our political sphere, you also needed the antitrust and anti-monopoly laws to safeguard against concentration of economic power.”
Well, I think we’re having the discussion now. Stewart has actually constantly been more concentrated on policy than his late-night peers. Let’s see more of this though.
Isn’t it more crucial – more amusing, even – to become aware of what an effective federal government authorities is doing that most likely affects your every day life than to listen to Dwayne “The Rock” Johnson attempt to describe the plot of Fast and Furious 37? Next stop: Gary Gensler on Colbert.
Jonathan Wolf is a civil litigator and author of Your Debt-Free JD (affiliate link). He has actually taught legal writing, composed for a wide range of publications, and made it both his company and his enjoyment to be economically and clinically literate. Any views he reveals are most likely pure gold, however are nevertheless exclusively his own and need to not be credited to any company with which he is associated. He wouldn’t wish to share the credit anyhow. He can be reached at <em>jon_wolf@hotmail.com</em><em>.</em>
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