>> YOU THINK THAT IT WOULD
JUST BECOME ALL POLITICS,
SOME WOULD ARGUE THAT'S KIND OF
ALREADY BUT IN JUST IN A
PRACTICAL SENSE. HOW DO YOU
THINK IT'S GOING TO PLAY OUT.
>> WELL THE
CONSUMER AND INTEREST LIES
FOCUSED THE CONSUMER WELFARE
STANDARDS AND THAT DOES
RAIN IN THE ABILITY OF
POLITICIANS TO PICK THEIR
PREFERRED COMPANIES. BECAUSE IT
OF COURSE REQUIRE THAT YOU
DEMONSTRATE THAT AND IF YOU'RE
GOING TO BRING AN ANTITRUST
CASE AGAINST A COMPANY THAT YOU
SHOW THAT IT ACTUALLY HARMS
CONSUMERS.
>> IN THE MOST PEOPLE THINK
THAT
SOMETHING NEEDS TO AND THESE
ANTITRUST LAWS DO NEED TO BE A
LITTLE BIT TIGHTER WHAT KIND OF
CHANGES DO YOU THINK COULD BE
MADE.
>> WELL I YOU KNOW I THINK
PEOPLE ARE CONCERNED ABOUT TECH
BUT THE CHANGES
THAT KLOBUCHAR PROPOSES ARE
MUCH BROADER AND THEN TECH
COMPANIES AND I THINK CHANGES
THAT I MAKE THAT DO MAKE A LOT
OF SENSE ARE ONES THAT SUPPORT
THE RESOURCES THAT ENFORCEMENT
AGENCIES NEED. RIGHT YOU
KNOW THEIR BUDGETS HAVEN'T
CHANGE IN QUITE A LONG TIME AND
THE CURRENT LAW ISN'T THE
PROBLEM. THE PROBLEM MIGHT BE
THAT THEY'RE UNDER RESOURCED.
>> WHAT IS THIS LEGISLATION SAY
ABOUT HOW CONGRESS IT IS
THINKING ABOUT ANTITRUST
ISSUES.
>> WELL I THINK IT SHOWS THAT
SOME IN CONGRESS ARE USING THE
CONCERN THAT PEOPLE HAVE OVER
BIG TECH MOSTLY ABOUT THINGS
THAT HAVE NOTHING TO DO WITH
COMPETITION IN ORDER TO TRY TO
ENACTED
THEIR VISION.
>> OF.
>> YOU KNOW GOVERNMENTS SHAPING
AND READ AND RESHAPING
THE ECONOMY. I THINK IT THIS
BILL WOULD ULTIMATELY RAISE
PRICES AND SLOW INNOVATION AT A
TIME WHEN ON THE INTERNATIONAL
STAGE WE JUST CAN'T AFFORD
THAT.
>> HOW WOULD IT HOW IT WORRIES
PRYKE HOUSE TO HOUSE
SPECIFICALLY WOULD YOU DO THAT
WOULD RAISE PRICES AND STIFLE
INNOVATION.
>> SO SOME OF THE REQUIREMENTS
AND IN THE
BILL ARE NEW BARRIERS THAT MAKE
IT VERY HARD FOR COMPANIES TO
MERGE IN
CERTAIN CASES AND TO DO OTHER
THINGS THAT MIGHT MAKE THEIR
BUSINESSES MORE EFFICIENT SO
AUSTIN WE THINK
DROPPING PRICES IS IS A IS A
MATTER OF SCALE RIGHT YOU SCALE
UP YOUR COMPANY SO THAT YOU CAN
BECOME MORE EFFICIENT AND
DELIVER THOSE EFFICIENCIES TO
CONSUMERS. IF COMPANIES ARE
PROHIBITED FROM UNDERTAKING AND
THE MEASURES THAT THAT CREATE
THOSE TYPES
OF DEFICIENCIES. THEY CAN'T
PASS ON THOSE SAVINGS TO
CONSUMERS DO YOU.
>> THINK DO EXPECTED THAT
FACEBOOK FOR EXAMPLE IS GOING
TO NEED TO BE BROKEN UP DOWN
THE WE DO EXPECT THAT THAT
LAWMAKERS ARE GOING MAKE THAT
HAPPEN.
>> WELL I YOU KNOW I THINK A
LOT OF PEOPLE ARE TALKING ABOUT
THAT, BUT I DON'T SEE WHAT
PROBLEMS THAT SOLVES
IT CERTAINLY DOESN'T SOLVE ANY
OF THE BIAS CLAIMS THAT PEOPLE
ON THE RIGHT HAVE AND I'M NOT
SURE HOW IT
IT ADDRESSES ANY OF THE PRIVACY
CONCERNS THAT PEOPLE ON THE
LEFT HAVE AND SO I JUST DON'T
SEE HOW BREAKING UP A COMPANY
LIKE FACEBOOK. SOLVES TH