Hazlett on Apple vs. Google

Thomas Hazlett talks with host Russ Roberts about the growing rivalry between Apple and Google. Some argue that Apple with its closed platform and tight control Steve Jobs at the top is making the same mistake it made in its earlier competition with Microsoft. Google, on the other hand, is lauded for its open platform and leveraging of a large number of suppliers for its Android phone. Hazlett, drawing on his recent article in the Financial Times, argues that these arguments fail to recognize the different competitive advantages of Apple and Google and the implications of those advantages for the companies' respective strategies. The conversation concludes with a discussion of the move to application-based web browsing such as Facebook, Twitter, and the implications for Google.