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This is CBS, I Am the World.

I'm John Batsworth, Professor Richard Epstein of the Hoover Institution.

We're discussing competitiveness, anti-competitiveness, monopoly,

bigness, but I want to get very specific here because Richard's colleague,

Cass Sunstein, who has served honorably in one or more administration,

certainly in the Obama administration.

And now, sympathetic to the Biden administration,

has written in protest of George Stigler's idea that industry acquires the regulatory body

or makes the regulations work for the industry.

And he objects on the basis of several instances where he participated

during the Obama administration in new regulations.

The one that seems most neutral to me, Richard, Mr. Sunstein writes,

...