2/2: #SCOTUS: Biden Administration interference in the marketplace of US Steel and TikTok and Apple & What is to be done? Richard A. Epstein, Hoover Institution
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 23 March 2024
⏱️ 7 minutes
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2/2: #SCOTUS: Biden Administration interference in the marketplace of US Steel and TikTok and Apple & What is to be done? Richard A. Epstein, Hoover Institution
https://www.hoover.org/research/sell-or-not-sell-hard-questions
https://www.msn.com/en-us/money/companies/apple-accused-of-monopolizing-smartphone-markets-in-us-antitrust-lawsuit/ar-BB1kjwd8
1941 Pittsburgh
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| 0:28.0 | I'm John Batchelor with my colleague |
| 0:32.0 | Professor Richard Epstein and a senior fellow at the Hoover Institution, |
| 0:35.6 | teaches law at NYU and the University of Chicago. |
| 0:39.2 | Apple builds an iPhone that is vastly superior and you get used to it as a senior person and you are very |
| 0:47.7 | thankful for it and wish we'd have this in the 20th century. However, there are statements now from the antitrust division of the Department of Justice that do not easily summarize, but the way I read them is, |
| 1:01.0 | Apple has been unfair to Google and other builders of iPhones because |
| 1:06.2 | it's built a phone that dominates the market. |
| 1:09.7 | Is there more to it than that, Richard? |
| 1:11.7 | Thank you. Yes, there is more to it than that Richard thank you yes there is more to it than that this is a |
| 1:15.0 | case called Amazon too the major function of the American antitrust |
| 1:20.5 | division is to it takes successful companies |
| 1:23.0 | and to try to destroy them in the name of parity. |
| 1:26.3 | And so the first thing that wants to know |
| 1:28.1 | is that an antitrust law very strong distinction |
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