Monopolies, Tech, and 'The Curse of Bigness'

It's a been a tough couple of years for technology companies. Facebook, Google, Twitter and others have faced criticism on many fronts, from accusations of bias to privacy concerns. Leaders of these companies have been called before Congress to testify about their businesses, most recently this week, when Google's CEO Sundar Pichai answered questions from members of the House Judiciary Committee.

Underlying those concerns is the realization that tech companies have become so big, powerful and necessary in our lives that many of us are troubled by that reality, but unsure what to do about it. 

In his new book, "The Curse of Bigness: Antitrust in the New Gilded Age," technology law expert Tim Wu examines the history of antitrust actions in the 20th century and makes the argument that breaking up today's largest companies will not only be good for business, but for our democracy as well.

This week on Money Talking, Charlie Herman speaks with Wu about his book and the state of monopolies in the U.S.

In his new book, technology law expert Tim Wu argues the biggest companies, like Facebook and Google, are dangerously large,  and that's bad for business and democracy.