Federal Trade Commission – FTC (Photo by David Lat).
Ed. Note: This article first appeared in this week's Finance Docket newsletter. You can subscribe and read the full newsletter using the form below.
Jon Stewart will return to The Daily Show (one night a week) until at least the November election. Yes, it's sending waves of nostalgia into Millennials and his Gen-X viewers. Beyond that, Stewart doesn't seem to have lost his comedic talent or ability to bring complex and often bizarre topics to the masses.
Here is a recent interview between Mr. Stewart and Federal Trade Commission Chair Lina Khan. Khan has been an outspoken advocate for breaking up big technology companies, likening them to Gilded Age monopolies. Under Khan, the FTC has targeted powerful companies, including Amazon, with antitrust lawsuits.
Mr. Stewart discussed antitrust issues with Mr. Khan, and things got more interesting when the conversation turned to artificial intelligence and its potential to replace human workers. “I wanted to have you on the podcast, but Apple asked us not to do it,” Stewart said, adding that the content he was trying to put out on the subject was influenced by his former employer. mentioned the restrictions imposed by “Why are they so afraid to even have these conversations in public?”
Mr. Khan responded that Apple's position “simply illustrates one of the dangers of what happens when you concentrate too much power and decision-making in a small number of companies.” . She goes on to say that throughout this country's history, there has been “a recognition that just as we need a Constitution to provide checks and balances in our political realm, we also need antitrust and antitrust laws to prevent concentration.” There was,” he added. About economic power. ”
Well, I think we're having a conversation right now. Mr. Stewart has always focused more on policy than his late-night colleagues. However, let's look at this further.
Rather than listen to Dwayne “The Rock” Johnson try to explain the plot of Fast & Furious episode 37, listen to powerful government officials talk about how they're probably influencing your daily life. Isn't that more important, and even more interesting? Our next stop is Colbert's Gary Gensler.
Jonathan Wolfe is a civil litigation expert and author of the following books: Your debt free JD (Affiliate link). His work and pleasure was teaching legal writing, writing for various publications, and promoting financial and scientific literacy. The views he expresses, while perhaps genuine, are still his own and should not be attributed to any organization to which he is affiliated. He wouldn't want to share the credit anyway. You can contact him at: jon_wolf@hotmail.com.
