#FTC: Unforced errors of the FTC & What is to be done? Richard Epstein, Hoover Institution.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 3 October 2023
⏱️ 8 minutes
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Summary
#FTC: Unforced errors of the FTC & What is to be done? Richard Epstein, Hoover Institution.
https://www.msn.com/en-us/money/companies/ftc-s-case-against-amazon-is-stronger-than-expected-but-still-faces-uphill-battle/ar-AA1hlMWA
1907 CARTHAGE
Transcript
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| 0:57.6 | As I understand it, Ms. Khan, an extremely well-known for her arguments about Amazon, |
| 1:04.2 | complaining that Amazon's website and delivery system favors lower and lower prices. |
| 1:11.5 | And that's anti-competitive. It elbows the side of all of its competition by cutting prices. |
| 1:17.0 | Now, if I understand this extremely complicated presentation, Ms. Khan has brought a suit |
| 1:23.4 | against Amazon, not about lower prices, but about higher prices. |
| 1:27.5 | I mention this only because I have complete choice. |
| 1:30.8 | Amazon or Walmart or private enterprise or all the opportunities I have to order. |
| 1:37.4 | I know the Amazon delivery man. My dog knows the Amazon delivery man. |
| 1:41.7 | He's extremely friendly and timely and it shows up. |
| 1:44.8 | I don't think I'm being treated with the brutality of a monopoly. |
| 1:50.1 | So, how do you interpret Ms. Khan's change of direction? |
| 1:54.6 | Well, I think she has no direction and no principles. |
| 1:57.7 | Now, this woman made her academic career with a rather immature student note, |
| 2:02.1 | with immense influence in the Yale Journal, in which she said, |
| 2:05.8 | I'm taken on people like Amazon. |
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