Dec 4, 2017

Tim Wu's new book calls for tighter antitrust enforcement

Columbia University law professor Tim Wu is a longtime skeptic of corporate power. Photo: Seth Wenig / AP

The man who coined the term "net neutrality" is now calling for "a return to sort of Progressive Era style antitrust enforcement that is focused on concentration and size."

Columbia University law professor Tim Wu tapped into the tech policy zeitgeist with his books The Master Switch, about corporate power in the information age, and the more recent Attention Merchants. In The Curse of Bigness Revisited (a working title) Wu plans to make his case for tighter regulation. Wu hopes to have the book out by spring.

The bigger picture: Antitrust is a hot topic right now. Hill Democrats are working tougher merger enforcement into their midterm platform. And skepticism of corporate power — especially in tech — is an animating force on both sides of the ideological divide.

Axios asked Wu

what the audience was for the book. "I think there are members of the public who will get into it, but it is probably a little more … I think it's accessible to anyone who feels inspired by the works of Louis Brandeis," he said, after speaking at a briefing put on by progressives in Congress. "It's kind of trying to reinvigorate the Brandeis vision of small producers, smaller economy, innovation and self-determination."

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Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

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Trump to end Hong Kong’s special trade status

President Trump. Photo: Win McNamee/Getty Images

President Trump announced on Friday that the U.S. would be fundamentally changing longstanding policies toward Hong Kong as a result of Chinese encroachment on the city's autonomy.

Why it matters: Trump said he would be effectively ending the special trade status that has allowed Hong Kong to flourish as a gateway to the Chinese market. That leaves an uncertain future for businesses that operate in Hong Kong, not to mention the city's 7 million residents, and could be met with reprisals from Beijing.