Silicon Valley and some of its most identifiable companies and leaders have hit the highest highs in high-tech. Profits have been dramatic, and venture capitalists are always looking for the next big thing.

But just as there was the dreaded tech bubble more than 15 years ago, companies like Google and Facebook — and outside of California, Amazon — are facing another dramatic challenge. This time it’s from elected officials worried about their growing power, which some have labeled monopolistic.

William Kristol, founder of The Weekly Standard, is co-founder of the New Center Project. Earlier this month, the group released specific policy recommendations focused on the U.S. economy — and Silicon Valley and its dominance received some of the attention.

We spoke with Kristol on The Show.