Thomas Philippon

Sometimes they crowd out other businesses or competitors.

Uh, there's a line of thinking, uh, so there's a book I'd recommend, The Great Reversal, uh, by Thomas Philippon, and he would make the argument that in America there is too many big companies dominating too many sectors, and this actually harm the competitiveness, harms economic growth, can harm innovation.

So yes, I, I think it's not a bad thing, and definitely there are some things bigger companies can obviously do much better, uh, but it'd be wrong to synonymize having a big company, uh, with a sign of economic competitiveness.

You, you mentioned the question of the values and the fear, which is very widespread in Europe, of the, uh, American platforms, well, Chinese to some extent as well, of course, that, uh, they would try to undermine our values more than if we had European-owned ones.

As a result, there's not a single major industry in America that's not dominated by a handful of companies that generally behave like cartels.

And the average American family pays an annual monopoly tax in additional costs for pretty much everything of around $5,000, according to economist Thomas Philippon.

Cell service that costs $15 a month in France or $12 a month in Australia bills out an average of $61.85 per month in the United States.

High-speed broadband that's a bit over $31 a month in France or $36 in Germany for higher speeds and better reliability than almost anywhere in the United States.