Senator Elizabeth Warren

Oh, absolutely.

Absolutely.

I think Democrats are the party of the markets precisely for the reason we just described.

Let me do antitrust law.

Antitrust law, as you know, was passed more than 100 years ago, big parts of it.

And the bottom line just says you can't grow a monopoly.

And if you do, even if people like you, if you are giant and start using your giganticness

in order to stomp out all the little businesses, ultimately the market fails.

And when I say the market fails, it's not just the monopolists can charge higher prices.

It's also, we actually know this statistically, they've lower wages and here comes the best part, they quit innovating.

And you can actually go back through history and look at this.

How many giant companies that were Alcoa was going to be the aluminum company for the next billion years?

And it turned out they actually just kind of quit innovating.

Boeing, right?

They just quit innovating, right?

They got big, they got to be dominant, and then they quit innovating and producing a better product.

So Democrats...

My favorite, Lena Kahn, the head of the FCC, says we're just going to enforce the already existing antitrust laws so that big tech can't stomp out the competition.

So that if you're an app developer...

you actually will have multiple places to go to try to sell your app and that they can't demand that they get the lion's share from the app developer.