James Bessen, executive director of the Technology & Policy Research Initiative at Boston University and author of the book The New Goliaths: How Corporations Use Software to Dominate Industries, Kill Innovation, and Undermine Regulation, argues that big corporations dominating via “proprietary” software—the intersection of technology and data—has had major negative societal consequences. On this episode of the Capitalisn’t podcast, he walks hosts Luigi Zingales and Bethany McLean through examples such as IBM, Amazon Web Services, Volkswagen, and more to discuss what’s wrong with our current patent system and makes a case for opening up technology, data, and knowledge in order to restore competition.

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