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The John Batchelor Show

#Bestof2021: 1/2 Dinner at the newly confrontational FTC. @RichardAEpstein @HooverInst https://www.npr.org/2021/07/01/1011907383/new-ftc-chair-lina-khan-wants-to-redefine-monopoly-power-for-the-age-of-big-tech

The John Batchelor Show

John Batchelor

Books, News, Society & Culture, Arts

4.52.8K Ratings

🗓️ 18 December 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

#Bestof2021: 1/2 Dinner at the newly confrontational FTC. @RichardAEpstein @HooverInst
https://www.npr.org/2021/07/01/1011907383/new-ftc-chair-lina-khan-wants-to-redefine-monopoly-power-for-the-age-of-big-tech

1920 Detroit

Transcript

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0:00.0

This is a series,

0:05.0

this is CBSi on the world.

0:07.0

I'm John Bachelor.

0:08.0

Antitrust, Anti-Pinnopoly.

0:11.0

The question turns for several hundred years, certainly since

0:15.9

the 19th century and Teddy Roosevelt fighting the great trust, the great monopoly

0:21.3

standard oil comes to mind,

0:23.0

J.P. Morgan's Northern Securities comes to mind, the railroads, the Sugar Trust,

0:28.0

that is, people who dominated the appetite for sugar and the Traction Trust, people who dominated... the All of that comes to a moment at a dinner in Senator Elizabeth Warren's office in early 2016.

0:49.0

The invited that day with Senator Warren, Barry Lynn, Jonathan Cantor, Teddy Downey, who is the executive

0:57.5

editor of the Capitol Forum, and Lena Khan.

1:01.5

I mentioned that list as significant because Lena Khan is now five years later

1:07.1

and chair of the FTC.

1:09.5

Barry Lynn, her colleague at Open Markets Forum, is an early advocate of where Lena Khan is going

1:17.0

with her control of the FTC's chairpersonhip.

1:21.8

And Jonathan Cantor is now antitrust and justice. So this dinner is the

1:27.6

chrysalis for the conversations now underway about breakup Facebook, break up Amazon.

1:34.0

Richard Epstein, Professor Richard Epstein of the Hoover Institution is here.

1:38.0

This is a joy for me because Richard has educated me for many years about the government intervening regulating in the marketplace.

1:47.0

Richard, a very good evening to you. I'm keen on this dinner because every English novel must have a dinner and where the

1:56.2

principals come together and decide on a course forward.

2:00.0

Certainly this is amazing dinner because five years on the invitees that day are now in

...

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