In economics, these properties are hallmarks of a monopoly-a firm with too much market power. Such calls have come both from the Left, which points to their size and potential market power, and the Right, which notes their ability to control information in a way that’s biased against conservatives. McCormack Professor of Entrepreneurship and Finance at the University of Chicago’s Booth School of Business and a contributing editor of City Journal, joined Allison Schrager, a senior fellow at the Manhattan Institute and contributing editor of City Journal, for a conversation about the tech industry, its effects on politics, and the possibility of reform.Īllison Schrager: The FAANGs-Facebook, Amazon, Apple, Netflix, and Google-as well as Twitter have faced rising political scrutiny, which has given rise to calls to regulate them.