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The John Batchelor Show

#BESTOF2021: 2/2: Modern SCOTUS cases for bigness. @RichardAEpstein @HooverInst

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 29 November 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

#BESTOF2021: 2/2: Modern SCOTUS cases for bigness. @RichardAEpstein @HooverInst
https://www.hoover.org/research/clueless-competition

1942 NYT NEWSROOM

Transcript

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0:00.0

This episode is brought to you by Krakhan.

0:03.0

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0:06.0

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0:11.0

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0:12.0

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0:15.2

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0:19.4

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0:22.8

don't invest unless you're prepared to lose all the money you invest this is a high-risk

0:26.3

investment and you should not expect to be protected if something goes wrong This is CVSI in the world. I'm John Bachelor. Professor Richard Epstein is here,

0:40.0

commenting on the Biden administration's executive order concerned about unfairness in the marketplace

0:46.4

and bigness in the marketplace. Anti-competitive pricing would be an aspect of bigness.

0:52.0

The professor guides me to Supreme Court cases that illustrate

0:55.8

one, a large firm taking over a smaller firm is not any competitive and is not

1:02.3

unfairness. We established that from the 1960s in a Supreme Court case.

1:06.4

Now we turn to from the 1980s the Burger Court.

1:10.5

Matsushita versus Zenith Ratio Corporation.

1:14.0

This is about the assumption by Zenith and others

1:18.0

that the Japanese companies, Matsushita in particular,

1:22.0

were anti-competitive, underpricing, dumping, or in some fashion

1:27.0

defeating by conspiracy American manufacturers of television.

1:32.0

The first irony here to mention is that Massachusetts and

1:34.8

Zenith, to my knowledge, perhaps somewhere they make television sets, but for heaven's

...

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