No images? Click here Welcome to The Corner. In this issue, we share highlights from the Open Markets Institute’s all-day conference on how to protect the free press and democracy from Google and Facebook, we highlight Dan Froomkin‘s Open Markets-funded expose of how Facebook funnels dark money to The New York Times, and we celebrate Open Markets fellow Beth Baltzan joining the Biden administration. Open Markets Convenes World’s Leading Voices in Fight to Protect the Free Press and Democracy from Google and Facebook On Tuesday, the Open Markets Institute and the Center for Journalism & Liberty hosted a full-day discussion on the state of American journalism in the age of Google and Facebook, and how to rebuild America’s markets for news. The conference — titled “Beyond Facebook and Google: The Future of Journalism & Democracy” — included keynotes by Sen. Amy Klobuchar and Rep. David Cicilline, and presentations by Minnesota Attorney General Keith Ellison, U.K. Competition and Markets Authority Director Andrea Coscelli, and Australia’s top competition law enforcer Rod Sims. Financial Times columnist Rana Foroohar, New York Times media columnist Ben Smith, and the Markup editor-in-chief Julia Angwin also participated, along with more than 20 other leading voices on the issue, including executives from The Boston Globe, The Seattle Times, and Star Tribune. The conference had three main aims. First was to review and critique the most important recent advances in the fight to protect democracy and the free press from Google and Facebook, in the United States and around the world. Second was to identify some of the more pressing political and technological threats posed by these corporations that have yet to be addressed, such as Google’s recent moves to arbitrarily alter the infrastructure of online advertising, through the elimination of cookies. Third was to identify how to structure the news and information markets of the 21st century to ensure the full independence and robust funding for the sort of journalism Americans need if we are to protect, grow, and perfect our democracy. One highlight of the event was Sen. Klobuchar’s live keynote, in which she noted that “these companies are such monopolies right now that they can literally hold an entire country hostage.” Another was AG Ellison’s statement that “Democracy depends on people knowing what’s happening; if people don’t know what happening, they can’t make good choices about their own governance.” Another was Washington Monthly contributing editor Anne Kim’s statement during a discussion on journalism startups: ”Even if you are not competing with the big guys, sometimes the big guys want to compete with you. … Consolidation is coming to the smaller players and squeezing them out.” Other standout moments from the event included a discussion among Angwin, privacy expert and OMI senior fellow Johnny Ryan, and OMI director of enforcement strategy Sally Hubbard on the techniques and technologies of control; CJL senior fellow Nikki Usher’s hard-hitting moderation of a discussion about the “dark money” that Google and Facebook are funneling into leading journalism operations; and the conversation among Sims, Smith, Foroohar, and Phillip Longman about the history, structure, and goals of Australia’s new regulatory regime for online journalism and advertising. The conference is a direct outgrowth of a full-day discussion Open Markets hosted in June 2018 called Breaking the News. That event, in turn, built on a conference Open Markets hosted in June 2016 called America’s Monopoly Problem, which featured a keynote by Sen. Elizabeth Warren and a discussion of how Google and Facebook starve and manipulate the news. The conference was written up in Broadband and Breakfast and in Vox EU. Open Markets Article Details How Facebook Payoffs to The New York Times Create a Dangerous Conflict of Interest
On Monday, journalist and CJL contributor Dan Froomkin published an article that detailed how Facebook is paying many millions of dollars to The New York Times and a few other top news publishers, in ways that appear to create clear conflicts of interest for these companies. The article was commissioned and paid for by the Open Markets Institute and was published in The Washington Monthly. “People who celebrated that Facebook was finally paying for news need to realize that the way they've done it is inequitable, self-serving, and highly problematic for the news organizations that accept the money and agree to keep the details secret,” Froomkin said of his findings. Open Markets Executive Director Barry Lynn said the article underscores the importance of immediate regulatory action against Facebook and Google to limit their predatory and dangerous practices. “We know that these publications have placed their private interests over those of America’s free press as a class,” Lynn said. “We look forward to working with all of America’s news publishers to get Facebook and Google entirely out of the advertising business and to ensure that America’s markets for news are once again fully open and free.” Biden Names Open Markets Fellow Beth Baltzan To USTR
The Biden administration this week named Beth Baltzan as senior adviser to U.S. Trade Representative Katherine Tai. Baltzan has been a fellow at Open Markets for more than two years, where she has published a series of pioneering articles on the intersection of competition policy and trade policy. Bloomberg reported that the appointment “ strengthening the agency’s progressive bona fides.” In recent years, Baltzan has emerged as one of the main experts about the dangers created by concentration of capacity and control within international production and financial systems, and as one of the main voices in support of actions to increase the resiliency of supply chains. Baltzan published a number of important articles while serving as a fellow at Open Markets and also testified before both the Senate and the House. Baltzan’s significant works include:
Baltzan’s nomination was mentioned in Politico, Bloomberg, International Trade, Agri-Pulse, and World Trade Online. 🔊 ANTI-MONOPOLY RISING:
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SALLY HUBBARD’S NEW BOOK
MONOPOLIES SUCK 7 Ways Big Corporations Rule Your Life and How to Take Back Control Simon & Schuster published Monopolies Suck by Sally Hubbard on Oct. 27. The book is the first by Hubbard, who is Open Markets’ director of enforcement strategy. Hubbard examines how modern monopolies rob Americans of a healthy food supply, the ability to care for the sick, and a habitable planet, because monopolies use business practices that deplete rather than generate. Monopolists also threaten fair elections, our free press, our privacy, and, ultimately, the American Dream, Hubbard shows. In Monopolies Suck, Hubbard reminds readers that antitrust enforcers already have the tools to dismantle corporate power and that decisive action must be taken before monopolies undermine our economy and democracy for generations to come. In Monopolies Suck, Sally provides an important new view of America’s monopoly crisis and of the political and economic harms of concentrated private power. Order your copy here.
BARRY LYNN’S NEW BOOK
Liberty From All Masters The New American Autocracy vs. The Will of the People St. Martin’s Press has published Open Markets Executive Director Barry Lynn’s new book, Liberty from All Masters. Liberty is Lynn’s first book since 2010’s Cornered. In his new work, Lynn warns of the threat to liberty and democracy posed by Google, Amazon, and Facebook, because of their ability to manipulate the flows of information and business in America. Barry then details how Americans over the course of two centuries built a “System of Liberty,” and shows how we Americans can put this system to work again today. Lynn also offers a hopeful vision for how we can use anti-monopoly law to rebuild our society and our democracy from the ground up. Liberty from All Masters has already made waves for its empowering call to restore democracy by resurrecting forgotten tools and institutions. “Very few thinkers in recent years have done more to shift debate in Washington than Barry Lynn. In Liberty from All Masters, he proves himself as a lyrical theorist and a bold interpreter of history. This book is an elegant summoning of a forgotten tradition that can help the nation usher in a new freedom,” says Franklin Foer, author of World Without Mind and national correspondent for The Atlantic. You can order your copy of Lynn’s book here. 🔎 TIPS? COMMENTS? SUGGESTIONS? We would love to hear from you—just reply to this e-mail and drop us a line. Give us your feedback, alert us to competition policy news, or let us know your favorite story from this issue. |