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Getting richer and richer. we'll just raise taxes on who work. >> i think you know and i cover microsoft for a long time. the biggest problem with regulating tech and industry. the government is totally clueless. by the time they decide to do something, the industry is so far ahead of them that they don't know. instagram and we talked about it on the show all the time. you get senator blumenthal with all due respect of the one exchange and facebook, have you guys cancelled finster. it's the thing that their kids have their private account. it's not a policy or a feature. senator blumenthal was

We are looking at five companies essentially dominating everything now. >> can i just really quickly jump in? one of the greatest stories i used to tell is a bunch of hippies from berkeley, they go to bill gates garage and they create microsoft and i would only say only in america microsoft is a monopoly, it's one of those powerful companies in the world because of a monopoly. it's crushing, by the way, it's not microsoft's fault. microsoft has the law on their side. they are crushing a thousand new microsof every single day because congress protects them and won't break them into a billion pi...

>> they go home and keep making their money and run their big company. what is reasonable to expect from the government and society to change the dynamic you are talking about. >> in this particular conversation there are two eras, i have little kids, they ride in car seats, there is like a lot of techs about all the regulations that car seats are subjected to. you can't make a car seat without going through a number of laws that make them safe. it's remarkable that facebook can essentially be the portal of electoral democracy and not be subjected to anything. we need tech regulations. these g...