President Biden came into office with an incredibly slim legislative majority. And yet despite just 50 Democratic seats in the Senate, the first two years of Biden's Presidency saw the passage of some extremely ambitious laws. The potential exists for the infrastructure bill, the CHIPS Act, and the Inflation Reduction Act to reshape the economy in ways that we haven't seen in a long time. Brian Deese has been the head of the National Economic Council these last two years, and was thus directly involved in the passage and shaping of these laws. So what will they accomplish, and how will they ultimately be judged. We spoke to Brian in his final week in the NEC role about this new era of "industrial strategy", and what he learned during this two-year stint.
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Tim Wu, a professor of law at Columbia University and a former leading member of President Biden’s antitrust committee, joins Scott to discuss the state of antitrust regulation as well as his decision to leave his position at the White House. Follow Tim on Twitter, @superwuster.
Scott opens with his thoughts on the recent lawsuits against popular AI art generators. He then shares his opinion on CO-CEOS.
Algebra of Happiness: give yourself license to be down.
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In his first extensive interview since he stepped down as the Special Assistant to the President for Technology and Competition Policy on the National Economic Council, Tim Wu shares what he learned in the West Wing. We find out who holds most sway with the President, how Lina Khan undid any perception that there is any antitrust exception for “nice guys,” and get Wu’s predictions on lawsuits against Google, Facebook, Amazon and Microsoft. Also: Kara presses him on why Biden — who campaigned on getting rid of Section 230 and hinted at breaking up Big Tech — hasn’t been able to make much headway when it comes to regulating Silicon Valley.
Before the interview, Kara and Nayeema look at exits, from Jacinda Ardern, the former prime minister of New Zealand, to Netflix co-founder Reed Hastings. And among all the exits, they also discuss one possible return: Meta’s looming decision regarding Donald Trump’s Facebook account.
You can find Kara and Nayeema on Twitter at @karaswisher and @nayeema.
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GDP is booming. The labor market is booming. However inflation is elevated, and consumer sentiment is deeply depressed. So where does the White House go next with its economic strategy? On this episode, we speak with Brian Deese, the director of the National Economic Council under President Joe Biden. Deese walks us through what the White House has done over the last year on supply chains, what's working, and where the administration is going next with its economic agenda.
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Kara Swisher and Scott Galloway talk about the growing power of Google, Facebook, Apple, and Amazon during the COVID-19 pandemic. Google and Alphabet CEO Sundar Pichai joins to talk about Google’s impact on society, its feud with Fortnite maker Epic Games, whether he believes America is headed in the right direction, and more; then, Columbia University professor Tim Wu talks with Kara and Scott about the future of tech antitrust, how China has run circles around the US in tech policy, and why Facebook faces the greatest legal risk; finally, The Verge’s Casey Newton drops in to discuss the TikTok acquisition drama, disinformation on Facebook, and Joe Biden’s plan to repeal section 230 of the CDA. Plus: Comedian Roy Wood Jr. has some predictions about Apple's next iPhone.
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Tim Wu, a professor of law, science and technology at Columbia University, author, and a contributing opinion writer for the New York Times breaks down everything you need to know about antitrust. Tim and Scott discuss the House Judiciary Antitrust Subcommittee’s hearing as well as what history can teach us about powerful corporations.
Plus, Scott shares his thoughts on the busy earnings week and why a CEO’s ability to create a strong narrative has overwhelmed any sort of analytics. Looking at you, Elon.
Office Hours: what Twitter’s subscription model could look like, understanding your cofounder’s strengths, and certification opportunities.
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Best known for coining the phrase “net neutrality” and his book The Master Switch, Tim Wu has a new book coming out in November called The Curse of Bigness: Antitrust in the New Gilded Age. In it, he argues compellingly for a return to aggressive antitrust enforcement in the style of Teddy Roosevelt, saying that Google, Facebook, Amazon, and other huge tech companies are a threat to democracy as they get bigger and bigger.
Nilay sits down with Wu for this week's interview episode of The Vergecast.
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