#BESTOF2021: 2/2: Modern SCOTUS cases for bigness. @RichardAEpstein @HooverInst
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 29 November 2023
⏱️ 8 minutes
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Summary
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 | Krypto is like finance, but different. |
| 0:06.0 | It doesn't care when you invest, trade or save, do it on weekends, |
| 0:11.0 | or at 5 a.m. |
| 0:12.0 | Or on Christmas Day, at 5 a.m. or on Christmas day at 5 a.m. |
| 0:15.2 | crypto is financed for everyone, everywhere all the time. |
| 0:19.4 | Visit crackin.com slash see what crypto can be to learn more |
| 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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