Why tech giants are on edge | DW Business
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- čas přidán 27. 03. 2024
- They have a staggering amount of power - influencing everything from our shopping baskets to our world view. In the past two decades, a small number of huge companies have come to shape our daily lives in profound ways. For a long time, their power grew almost unchallenged. But those days appear to be over. In both the US and the EU, authorities are cracking down on big tech companies like Apple, Alphabet, Amazon, Microsoft and Meta - accusing them of anti-competitive practices. DW Business speaks with William Kovacic, former chair of the Federal Trade Commission and Director of the Competition Law Center at George Washington University about the meaning of fair competition, whether the culture of regulation is shifting and how authorities can keep up with a rapidly evolving digital landscape.
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#bigtech #techgiants #crackdown
The monopoly on food products is even more disturbing. It’s like mostly owned by the same three companies.
Which companies?
@@99Gara99 there's 10 but the biggest of those 10 are Procter & Gamble, Nestle and Unilever in amount of production. if you're talking about number of different products though it's nestle, coca-cola and unilever.
@@pedromoura1446 speaking more about their main shareholders.
@@justinmartin845 oh, I'm ABSOLUTELY sure they share a number of shareholders... The problem with these massive corporations is that you're unlikely to know which...
But when it comes to *companies* who own food production/distribution even having only 10 of them is already massively disturbing...
@@pedromoura1446 It's all public domain, though it can be tricky to compare. Vanguard Group Inc. is the largest shareholder for both Unilever and Proctor & Gamble, though the biggest parts of Vanguard Group's portfolio come from tech companies (Microsoft, Apple, Amazon, NVidia, etc.). Granted, I don't think they have even 5% ownership of Unilever or P&G, despite being the largest shareholder
I work in (Big) Tech. The interviewer was amazingly well-aware about the intricacies of the case and the guest was very well experienced and relevant. Great work DW 👍
They’re both AI.
@@ZeTurbocoolDW has been fully AI for weeks. Now pass me that tin foil.
@@chaseteterDo you want to double it and give it to the next person
@@CommentinoCommentoni It depends, is that a commentino? Or a commentoni?
The interviewer was surprisingly well informed and nuanced. The guest was a disaster, often arguing from pre-decided positions and ending with "otherwise the technology wins, the businesses win and the competition authorities ... remain behind". I didn't know the competition authorities are there to make sure technology doesn't win and that businesses fail, but now I know.
Thanks for bringing on a current professor and former FTC commissioner, instead of a random think tank charlatan. This is good.
I worked in digital advertising and big tech for few years now. Most toxic environments and people I've met in my entire career...
I've vowed to make everything possible to raise awareness against them without falling into legal for slander
They would pinch your cheek and call you "darling"?
Lol wait till you work in the Big 4 consultancies and then you will know what toxicity is.
@@__s__tatic no thanks, I'm not masochistic either
the best answer to them is to support open source financially as well as being users, from social media to apps
see how they have killed vpn browser tor
if they cannot compete open source then they try to buy it or other way to become investor and introduce money based services in it.
begin with social network open source social network like fb and linkedin.
support open source search engine
support open source developers
Have you worked in hospitality?
Yanis Varoufakis makes a compelling argument that these big tech companies have spawned technofeudalism, and what we're experiencing now isn't the same capitalism as before. They have all the control but are not answerable to the public.
The way he is able to construct informative and cohesive responses without a moment of hesitation is incredible. Great video. Thank you.
they should crackdown on the medical industry,real estate monopolies, congress and the legal corruption through lobbying.
Apple will be broken down into Bytes, Alphabet will be broken down into Consonants and Vowels, Amazon will be broken down into Forests, Meta will....doesn't meta
Which AI helped you with this?
Meta will be broken into a face and a book
@@MrKh4Ot1k😂! Quite buggy it seems!
Which AI tool have you used to write this comment?
😅 I believe that they will not succumb to governmental pressure. The tech companies will wait out the administrations or buy off the politicians
Now this is Journalism.
Yes sir, I totally agree.
This was one of the best interviews I have seen covering this topic, great questions.
Competition by nature is all about eliminating your opponents. Therefore competition will never last forever until the government step in and regulate the market.
Regulation helps big companies, as small companies cannot afford to hire an employee besides the 3 existing employees just to handle the birocracy of regulations.
Bureaucracy is a feature of any civilization that made it past subsistence farming. Large organizations can't exist without 'bureaucracy'. @csuporj
@@joeuma6403 The problem is usually too much regulation birocracy that suffocates small companies. Like the cucumber curvature EU law. Suppose you are a 1 person farm that needs to obey laws like this.
@@csuporj what a load of horse manure. regulation writen by lobyists might do that but actual regulation does not.
@@nickt2822 Actual regulation helps big companies. Small companies go bankrupt from the regulations they cannot afford.
This case of giant companies having monopoly in the market is dangerous as their collapse can lead to collapse of the market. Just like what happens when certain Banks collapses.
specially because they sell air, kind of like banks that print money..
non of them have any real product, others couldent make better..
its just the monopoly that makes it work
not even close to the same thing
kudos to DW Business! the interviews are very insightful and the topics always relevant
A duopoly is still as undesirable as a monopoly. One part of a duopoly comes to town creates a closed system, and then they make it super expensive to use. Sounds like you are trying to prevent free exits of the system and free entry by being that expensive. Apple could have been a Microsoft-like monopoly if their ecosystem isn't closed and restrictive.
You might be the only shopping mall in town, but shoppers still prefer to choose the products they use from all kinds of manufacturers, from cheap to the expensive according to their taste and wallet.
They made a mistake when started offshore bank accounts
Any "too big to fail" business MUST be regulated and de-monopolized as possible, else they become our masters, with way too much power.
Great interview !
This is probably the first and only interview I have come across by Western media that talks about TikTok in a non-biased and honest way. The interviewer is smart and knew how to ask the right questions, and the guest is just as knowledgeable and professional in answering the questions. The fact that this is a DW programs makes it even more interesting because DW has been one of those Western media outlets that fabricate and spread misinformation about China and China related products or services.
DW has sparks of free media, always has more than others state media
Any data to support your argument?
what misinformation are you talking about? Can you please elaborate or is this just some shade you want to throw?
That’s what big tech companies do. Rise and fall. Nokia, Kodak, Xerox, Grundig, TDK, Atari, Commodore, IBM etc were once rocking the world, not anymore, the same will happen to Apple, Google, Tesla, Microsoft etc.
Are you sure? The current big tech companies have adopted, esp with new products like Apple
IBM is still pretty big. You just don’t hear about them.
I miss Atari. This one was the exception of the power greed
I don't think they'll fade. Except smart Computer Science graduates stop applying to them. AKA having the smartest talent pool.
IBM is still a massive company. Although they have shifted toward BtoB rather than BtoC hence why they seem less relevant in the public eye, they are still global leaders in their field.
good questions, lucid answers 🎉
I always enjoy DW interviews. Always highly informative. Journalism at its finest.
This is literally one of the best interviews I’ve ever seen
This was a great interview
Bill, what a fantastic speaker, so eloquent yet genuine. This guy should be a politician so we can have great things.
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
Bill Kovacic is a brilliant professional and human!
Wonderful piece!
please keep this between fcc and wto, sans eu, post-instagram era
Good person to interview.
On edge don't be ridiculous. These crackdowns are but a light slap on the wrist.
Both the EU and US are breaking into Apple's walled garden for the first time, while it expects hardware sales to slow and has bet on software and services being key to its income. Apple is not worried it'll destroy its business, but that it'll take a chunk out of a key revenue generator
Right? Lol these crackdowns are nothing people acting like the eu or some small business will actually over take these companies yeah ok.
@@Andres_Acosta It's not about taking over these companies. It's more about to hinder them to get way bigger and more influential.
@@Andres_Acostathe EU? Do you think the EU makes phones? Are you sane?
@@huckleberryfinn6578 hinder bc they can’t compete, even with the hindering they still can’t compete. The eu isn’t a good place to start a company and innovate due to all their regulations hence why american/Chinese companies came in and took over their market.
By kneecapping big tech they aren’t promoting innovation or customer satisfaction just lining their own incompetent wallets and trying to push their ineffective unremarkable companies.
If they didn’t want them to be influential maybe they should try to actually foster a company culture to compete. Instead they let americans/china do all the work then tax/fine them bc that’s all the eu is good for.
Did the guest read the filing?
I look forward to hearing the arguments on how additional innovation can be achieved. Seems to me like there is already quite a bit of innovation in the current situation.
Mr Kovacic is so well informed. I hope governments will listen to him.
Data brokers. You are next.
Let's be honest buying people's precise dats through algorithmic surveillance of statics although legal, is very shady
Big tech is already big enough to push a technocracy forward. Imagine Big Tech companies abandoning any links with official institutions and using decentralized technologies to reach uncontrollable growth.
Arasaka and the Corpos are coming.
As a european I find it funny what's going on in USA around Tik-Tok. Microsoft, Facebook, Google, ... are all doing the same thing to european users as Tik-Tok is doing american users. Should we also make MS or Google sell their european parts?
Great expert, great interviewer! Thanks dw
Great and well informed interviewr
Best CZcams Video Nominee 2024 🏆 Incredibly intelligent relevant appropriate host, guest, questions & answers ❤❤❤❤
you showed too much b-roll on Apple while guy was talking earlier, also, does anyone have time stamps for this? thx
Thank you for this honest and independent opinion.
It sounds that they are about to jump. In Finland, it was said in the news today that Google is planning to change its search engine to be a paidable in order to finance its own AI, which would mean that there would be some paidwall fee for Google searches, but it would not remove ads.
Google, Amazon, CZcams, and Facebook need to be hit along with Microsoft.
Exellent
That chart is misleading. You can't group all android devices from different companies together. That chart would look very different if the various companies were represented separately.
The biggest issue though is Apple's walled garden business model.
14:40 arcGIS, Time Machine capsule
great interview
Android saving Apple's 4$$ in court would be just epic, in fact I think they will win the case.
they only have power as long as people let them
Ok, here is that engineer with skills and background experience you need.
Where should I call?
Guess who the closed doors presentations are going to benefit...
They feel smart people are a threat 😂😂😂😂😂😂
I honestly don't think the phone monopoly is that big of a deal. I think we need to fix the patent issues involved with life saving medication like insulin, cancer medication etc.
Right
Very convincing gentleman. Almost as convincing as the lovely hostess of DW
What is this format? This is happening in the US right? What is "federal" supposed to mean? Of the world?
Need 4k
None of the companies are even policing their content. They absolutely couldn't care less about what people post, and reporting does nothing
that is not true these companies are so large that small companies cannot compete the EU had force Microsoft to remove some its bloat ware so that users can chose which browser to use. Microsoft answer it was part of the OS and yet it got removed without any harm to the OS. They are also allowed to sell customers data to companies why is that it still a big problem for me. Apple employees very rarely fix hardware their excuse its cheaper if you upgrade. At our University we had to hire a tech to fix Apple hardware because their warranty sucks. Then you have google who has set a deadline to delete your pictures. then Facebook say your information belongs to them. Thought privacy laws were to protect us but not against these giants. When smaller companies become innovated they get bought out by these giants they have so much power only governments have to intervene. Guess that innovation
Surely I’m not the only one who sees that this “interview” never took place, and it’s little more than a duplication of Weird Als spoof-interviews when he hosted Much Music in the 90s?
If Android is able to maintain user security with open environment so should Apple.
The difference between IPhone and Android is Apple controles every single aspect of what you can do with your Iphome where Android is an open system where third parties can develop their own things independent of Googles control.
Finally🎉
Why does it sounds like the guy is reading from ChatGPT
And now they'd start looking at other companies eith non-,competitive practices (groceries etc.,)
Simple. People have already lost trust in technology.
“Lost trust in technology”? Wtf are you smoking.
The US going after Monopolies
Oh the irony
Nothing ironic about that. The US did it many times before. Where's Standard Oil now or Carnegie Steel now?
@@huckleberryfinn6578where’s Microsoft now? Oh…. 😅
Hey HEY the thumbnail has 3D printed logo
This journalist keeps smiling no matter the subject😅
Great work though
Android is not a smartphone company, it's an OS with multiple companies creating smartphones with android or not.
But it is an OS with built in unremovable software
Lol corporations have taken over apartments and rentals. But thats noting new just means overpriced everything
why the faces?
His voice kinda sounds like Bill Gates, right ?
Bro it has to be him
Y se viste igual y tiene la misma edad
Apple sauce!
It is atomic physics zaphone physical legality shift from one location to another through the ether of universe
Big tech edging to this rn
Apple needs to change. Its business strategy affects consumers. My AirPods Pro , which I bought for $ 299, doesn’t connect to my Microsoft computer. I had to buy additional earbuds from a different brand which connects to all my devices. I would haven’t wasted money if my expensive Apple AirPods connected to my other devices.
Microsoft had a nice 20 years of playing nice since being handled by US courts. I guess we can only hope It'll be similar that it'll maybe last another 20 years here until courts need to demonstrate their powers.
Windows 7 and above pairs natively with AirPods Pro. Unless you're rockin' Windows 8 you are not telling the truth.
You wouldn't have wasted money if you didn't get airpods in the first place xd
Why one buys earbuds for $300 is beyond me. Then again, you knew these are Apple's product, and now you are complaining?
AirPods do connect to my PC with Windows.
Because they got Exposed and they know it
We need to diversify governance, especially with AI.
exactly what a Bot would say
AI are diversified and decentralised.
Pardon my french, but this "cracking down" thing, It's like scaring a hedgehog with someone's bare butt.
You could have made the same argument about MS, several years ago. What was done to MS seemingly worked - they survived and still thrive, but they've also changed a lot, and their monopoly on enterprise IT is long gone.
@@a0flj0their monopoly is going strong in IT enterprise what are you talking about? Azure is the 2nd biggest cloud provider bc of office 365 the anti trust case back in the early 2000’s was a failure.
@@a0flj0 Same with AT&T and so on. Crackdown on monopolies doesn't mean to break them up or destroy them. It's more about regulation.
Should done that a long time ago. Look what happened to Microsoft Bill Gates dominated entire globe computer software. I hated PC base Microsoft
They've sought to shape my daily life in a profound way.
What they've done is turn everyone I know against me.
I oppose the things they covet and that makes me the bad guy in their view.
Oh well.
You need computer scientists? And engineers?
Are you saying until now, the law makers were approaching the matter without experts?
So when you were regulating AT&T you focused on your gut feelings?
I don't know what they are saying. Most of it sounds like gibberish.
Seriously .... this is an interview of less informartion, more speculation.
How would they fall when they know you better than your partner. They've got data
Guys, level up your audio. The microphone is sounding like 💩
Open AI changed the whole paradigm, Apple just abandoned their self driving cars and want to pair Siri with ChatGPT, ALL on Microsoft's Azure servers and Nvidia chips. The list goes on and on, Google is partnering,
That is to say, if Microsoft and Nvidia, or Open AI started a social media platform, that would be the next new. Is TikTok on Azure servers?
Open AI just helped solidify amazon, microsoft and googles market power. Apple and open AI aren’t competing btw they aren’t stealing any of apple’s money. However bc of the AI hype open AI created the cloud providers have pretty much solidified their importance to every business who wants to use AI.
Why are videos taken inside Apple stores always so cringe lol. Yay lets clap about it!
Is not my problem
Somehow, the host's smile sometimes scares me, I periodically get the impression that it is a robot and not a person.
⭐
👏🏻👏🏻👏🏻👏🏻👏🏻
And not a single word on Elon Musk's monopoly on StarLink system and how he can decide whether to provide access to it for Ukrainian armed forces or not, and where. It is a bigger deal than TikTok.
4:05 why does sir william kovacic sound like bill gates?
Myths of Tech.
Last year qhem china did the same thing every one were crying 😂
its always bad when someone else do it.
China did it for their own monopoly, not for the fair market, etc. China is way worse than the USA if talk is about anti-monopoly policies.
I am not afraid of companies monopolizing the markets. I am afraid of AI which is used by these big tech companies to slowly wipe out humanity.
AI is too open source to be controlled that way. Many great developers in that space are not monsters and are working hard to make sure that doesn't happen, surprisingly funded by big tech cuz that's the only way to ensure rapid development. No worries on that, it's mostly the OS and platforms still the main issue.
❤
Amazon monopoly is way worse
Thatcher