William H. Janeway for PS On Point: Is Techno-Monopoly Inevitable?

Don't miss a new Say More interview with Joseph S. Nye, Jr., on nuclear risk, American hubris, great-power competition, and more. [View this message in a web browser]( [PS On Point]( APRL 5, 2024 An ambitious new theory from an accomplished economist seeks to explain how America came to be dominated by Big Tech. If the analysis is correct, writes William H. Janeway of Warburg Pincus, the only solution may lie in policies that many currently would consider impossibly radical. [Read more]( [PS Introductory Offer. Save 30% on your first year.]( [PS Longer Reads: Is Techno-Monopoly Inevitable?]( [Is Techno-Monopoly Inevitable?]( By William H. Janeway Given the need to reward those who risk time and money on unproven ventures and ideas, there is often a tension between encouraging innovation and preventing monopolization in capitalist economies. The question is how to strike a proper balance in the face of immensely powerful technological and market dynamics. [Read more]( [PS Say More: Joseph S. Nye, Jr., on nuclear risk, American hubris, great-power competition, and more]( [Joseph S. Nye, Jr., on nuclear risk, American hubris, great-power competition, and more]( Joseph S. Nye, Jr., calls for restoring the credibility of the US nuclear umbrella, highlights the role of nongovernmental agencies in international relations, worries that the US will play its cards poorly vis-à -vis China, and more. Nye is an emeritus professor at Harvard Kennedy School, a former US assistant secretary of defense, and the author, most recently, of [A Life in the American Century](. [Read more]( [PS Longer Reads: The Struggle for Currency Supremacy]( [The Struggle for Currency Supremacy]( By Paolo Tasca The question of whether the US dollar will be dethroned by a cryptocurrency, a stablecoin, or some other digital asset or payments system ultimately misses the point. What really matters is the mix of possible alternatives that today's evolving financial landscape will offer to governments pursuing a geopolitical advantage. [Read more]( [PS. To access the new issue of PS Quarterly, subscribe to Premium now.]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. Receipt of this newsletter does not guarantee rights to re-publish any of its content. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.