© 2023 KPCW

KPCW
Spencer F. Eccles Broadcast Center
PO Box 1372 | 460 Swede Alley
Park City | UT | 84060
Office: (435) 649-9004 | Studio: (435) 655-8255

Music & Artist Inquiries: music@kpcw.org
News Tips & Press Releases: news@kpcw.org
Volunteer Opportunities
General Inquiries: info@kpcw.org
Listen Like a Local Park City & Heber City Summit & Wasatch counties, Utah
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

The New Goliaths

Jim_Bessen_218.jpg

Mountain Money talks with James Bessen, author of The New Goliaths: How corporations use software to dominate industries, kill innovation and undermine regulation.

Historically, competition has powered progress under capitalism. Companies with productive new products rise to the top, but sooner or later, competitors come along with better innovations and disrupt the threat of monopoly. Dominant firms like Walmart, Amazon, and Google argue that this process of “creative destruction” prevents them from becoming too powerful or entrenched.

But the threat of competition has sharply decreased over the past twenty years, and today’s corporate giants have come to power by using proprietary information technologies to create a tilted playing field. This development has increased economic inequality and social division, slowed innovation, and allowed dominant firms to evade government regulation.

In the face of increasing calls to break up the largest companies, economist, technologist and author James Bessen, argues that a better way to restore competitive balance and dynamism is to encourage or compel these companies to share technology, data, and knowledge.

James Bessen, author of The New Goliaths: How corporations use software to dominate industries, kill innovation and undermine regulations, joins Mountain Money.

Stay Connected
Co-host of Mountain Money since 2012.
Roger is a retired partner in the international law firm of Latham & Watkins. He is the co-founder and Chairman of Buildable Hours, a non-profit group that organizes law firms to build homes with Habitat for Humanity in several cities around the country. He and his wife Rana Tahtinen enjoy skiing and many of the other recreational activities offered by Park City. He is passionate about KPCW and its important role in our community.