Hosted By Pamela Paul, New York Times
In her new book, “Antitrust,” Senator Amy Klobuchar of Minnesota explores the history of fighting monopoly power in this country, and argues that the digital age calls for a renewed effort.
“I think the best way to do this right now is to have our laws be as sophisticated as the companies that we’re dealing with,” Klobuchar says on this week’s podcast. To her, that means “switching the burden for the big, big mergers or for the big exclusionary conducts of the companies that are the largest, and say, ‘Instead of the government having to prove that it hurts competition, you guys have to prove that it doesn’t hurt competition.’” She continues: “You’ve got to look backwards, just like they did with AT&T or some of the big cases — Standard Oil — they looked backwards and said, ‘Wait a minute, this has gotten out of hand.’ It doesn’t mean that we’re going to make this company go away. The chairman of AT&T, after the breakup, said they got stronger because they had to compete.”
